Integrity Re III Ltd. (Series 2025-1)

In 2026, American Integrity Insurance feels that renewed flexibility in the catastrophe bond market and attractive pricing environment is creating good opportunities for the company, with its senior executives citing the ability to attach reinsurance cover lower down and the return of some cascading features.

American Integrity Insurance Company has now secured $260 million of named storm reinsurance protection from its new Integrity Re III Ltd. (Series 2026-1) catastrophe bond sponsorship, while the coverage has been secured at below guidance pricing for each of the four tranches of notes, Artemis understand.

American Integrity Insurance Company is now seeking lower pricing for its latest Integrity Re III Ltd. (Series 2026-1) catastrophe bond, while the target size of the issuance has been adjusted again to between $240 million and $260 million of named storm reinsurance, Artemis has learned.

American Integrity Insurance Company has now set the target for its latest catastrophe bond, with between $215 million and $275 million of named storm reinsurance sought from the Integrity Re III Ltd. (Series 2026-1) issuance, while the riskiest tranche of notes is set to be among the highest paying ever seen, Artemis can report.

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.