HCI Group secures 2026-2027 reinsurance program for four insurance companies
HCI Group and its insurance subsidiaries and sponsored reciprocal insurers placed three reinsurance towers covering June 1, 2026 through May 31, 2027 to mitigate catastrophe risk such as hurricanes. HCI expects net reinsurance premiums ceded to third parties, excluding its reinsurance subsidiaries, of about $381.2 million for the period, an estimate subject to a true-up on September 30, 2026.
Key points
- Reinsurance Tower 1 provides up to $1.06 billion for a single Florida event and $1.96 billion total coverage, with a $10.0 million retention.
- Tower 2 provides up to $830.3 million for a single Florida event and $605.0 million for a single event outside Florida, with $1.45 billion total coverage.
- Tower 3 provides up to $431.5 million for a single Florida event and $649.7 million total coverage, with a $2.8 million retention.
- Claddaugh and Fortex Re maximum estimated retained loss is about $139.8 million for the first event and $52.3 million for the second event.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.