Purple Re Ltd. Series 2026-1

Slide Insurance Holdings, Inc. has completed its Catastrophe Excess of Loss Reinsurance Program for the 2026-2027 treaty year, securing a meaningful $5.463 billion of total aggregate reinsurance limit, representing a 65% increase from last year’s $3.304 billion.

Slide Insurance Company expects to have around $3.5 billion of catastrophe reinsurance limit in-force for a first event in 2026, an increase of roughly $1 billion and CEO Bruce Lucas has said that risk-adjusted rate decreases for its renewal are “substantial” so far.

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.