Business UpdateJun 4, 2026, 09:01 AM
Slide Completes Reinsurance Program; Capacity Rises to $5.463B
AI Summary
Slide Insurance Holdings, Inc. announced the completion of its 2026-2027 Catastrophe Excess of Loss Reinsurance Program, marking one of the strongest towers in the company's history. The program significantly increased total aggregate reinsurance limit to $5.463 billion from $3.304 billion and expanded first-event coverage to $3.981 billion. Slide secured meaningful improvements in both rate and terms, while adding 12 new markets and increasing its Purple Re catastrophe bond limit to $780 million. This strengthens Slide's financial resilience and positions it to support policyholders through Florida's peak hurricane season.
Key Highlights
- Total aggregate reinsurance limit increased to $5.463 billion from $3.304 billion last year.
- First-event coverage expanded to $3.981 billion, up $1.424 billion from $2.557 billion.
- First-event retention remains conservatively positioned at no more than 25% of estimated pre-tax earnings.
- Maximum first-event retention is $166.8 million (1-in-100 year PML).
- Maximum second-event retention is $150.0 million (1-in-50 year PML).
- Added 12 new reinsurance markets.
- Purple Re catastrophe bond limit increased to $780 million of multi-year coverage from $660 million.
- All reinsurers are rated AM Best 'A-' or better, or fully collateralized.
Price Impact
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