Purple Re Ltd

Bruce Lucas, the CEO of Slide Insurance Company, said today that the firm’s new $320 million Purple Re Ltd. (Series 2026-1) catastrophe bond came in with risk-adjusted pricing that was down more than 20% year-on-year, while his company expects to benefit from more reinsurance synergies as it has ambitious expansion plans.

Slide Insurance Company has now priced its new Purple Re Ltd. (Series 2026-1) catastrophe bond transaction, successfully securing the 28% upsized target of $320 million in multi-year collateralized named storm reinsurance limit at below guidance pricing, Artemis has learned.

Slide Insurance Company has increased its target for the new Purple Re Ltd. (Series 2026-1) catastrophe bond transaction, with the indicative size raised by roughly 28% to seek $320 million in multi-year collateralized named storm reinsurance, Artemis can report.

Slide Insurance Company is back in the catastrophe bond market with an initial target to secure $250 million of collateralized named storm reinsurance through a Purple Re Ltd. (Series 2026-1) issuance, that seeks protection across a greater number of states than any of its previous cat bond deals, Artemis can report.

Florida-headquartered Slide Insurance Company has now lifted its catastrophe bond supported, multi-year reinsurance to $660 million for the coming hurricane season, after its largest cat bond sponsorship so far with the $250 million Purple Re Ltd. (Series 2025-1) transaction, its CEO Bruce Lucas has highlighted.

Florida-headquartered Slide Insurance Company has now successfully priced what will be its largest catastrophe bond yet, securing the targeted $250 million of named storm reinsurance through its new Purple Re Ltd. (Series 2025-1) transaction, Artemis has learned.

Tech-enabled property insurance company Slide Insurance remains on-track to secure what will be its largest catastrophe bond yet, still aiming for $250 million of reinsurance through the Purple Re Ltd. (Series 2025-1) transaction, while the price guidance has been updated in the lower-halves of the initially targeted ranges, Artemis has learned.

Tech-enabled property insurance firm Slide Insurance Company has returned to the catastrophe bond market to sponsor what looks set to be its biggest issuance to-date, with a $250 million target for named storm reinsurance through a Purple Re Ltd. (Series 2025-1) transaction.

Slide Insurance Company, the full-stack property insurtech company founded by Bruce Lucas in Florida, has successfully placed a $1.86 billion catastrophe reinsurance tower for 2024, of which some $410 million in collateralized reinsurance for the higher layers comes from the cat bond market, sourced by its three Purple Re issues.

Slide Insurance Company, the full-stack property insurtech company founded by Bruce Lucas in Florida, now counts roughly 70% of its reinsurance as being on a multi-year basis, thanks to the completion in recent days of its largest and $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond transaction.