Integrity Re III Ltd

American Integrity Insurance Company has returned to the catastrophe bond market, with an initial target to secure at least $175 million of fully-collateralized US named storm reinsurance for losses across southeastern states, through an Integrity Re III Ltd. (Series 2026-1) issuance, Artemis has learned.

American Integrity Insurance Company renewed a meaningful $799 million increase in reinsurance limit this year, helped by its latest and largest catastrophe bond to-date, resulting in a reinsurance tower that now extends to $2.59 billion and features more cat bond protection.

With American Integrity Insurance Company securing its largest catastrophe bond to date, the $565 million Integrity Re III Ltd. (Series 2025-1), CEO Robert Ritchie stated that the issuance reflects the strong confidence and enthusiasm of insurance-linked securities (ILS) investors for the Florida market.

At final pricing, American Integrity Insurance Company upsized its new Integrity Re III Ltd. (Series 2025-1) catastrophe bond again to provide $565 million of reinsurance protection making it by far the firm’s largest cat bond yet, while the notes all priced below their initial guidance, Artemis can report.

American Integrity Insurance Company’s new Integrity Re III Ltd. (Series 2025-1) catastrophe bond remains at the upsized $550 million target, but with some adjustments to the sizes of individual tranches and lower price guidance across all notes on offer, Artemis understands.

American Integrity Insurance Company has raised its target for reinsurance limit to be raised from its latest catastrophe bond to now $550 million, as the Integrity Re III Ltd. (Series 2025-1) deal upsized from an initial target of $325 million, but with now one higher-risk tranche dropped from the issuance.

American Integrity Insurance Company is back in the catastrophe bond market with a multi-layered transaction that could secure the firm as much as $325 million of fully-collateralized US named storm reinsurance across southeast states, through an Integrity Re III Ltd. (Series 2025-1) issuance, this publication has learned.