Business UpdateJun 1, 2026, 07:31 AM
HCI Group Completes Reinsurance Programs; Premiums Down 10% to $381M
AI Summary
HCI Group, Inc. has successfully completed its catastrophe reinsurance programs for the 2026-2027 treaty year, running from June 1, 2026, through May 31, 2027. The company achieved meaningful structural improvements at a materially lower cost, with net consolidated reinsurance premiums decreasing by 10% to $381 million. The programs also feature an expanded role for its Cayman Islands-based reinsurer, Fortex Re, participating across two of the three towers, further strengthening its risk transfer strategy.
Key Highlights
- Net consolidated reinsurance premiums decreased 10% to $381 million for 2026-2027.
- Total aggregate excess of loss limit increased 16% to $4.1 billion.
- Maximum first-event consolidated retention increased 4% to $163 million.
- Fortex Re, HCI's Cayman Islands-based reinsurer, now participates across two of three towers.
- Consolidated retention below Florida Hurricane Catastrophe Fund layers remains $155.0 million.
- Combined statutory retentions for a first event are $22.8 million.
- All participating reinsurers are AM Best rated 'A-' (Excellent) or better or fully collateralized.
Price Impact
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