HCI Group, Inc. successfully completed its catastrophe reinsurance programs for the 2025-2026 treaty year, which runs from June 1, 2025, through May 31, 2026. The company secured over $3.5 billion in excess of loss aggregate limit and full reinstatement premium protection across three distinct reinsurance towers.
The statutory retentions for the first and second events are set at $18 million for Reinsurance Tower 1 and Reinsurance Tower 2, and $3 million for Reinsurance Tower 3. Claddaugh Casualty Insurance Company Ltd, HCI’s Bermuda-based reinsurance subsidiary, participates selectively across all three towers, with an estimated maximum retained loss of approximately $117 million for a first event and $35 million for a second event.
HCI expects to incur net consolidated reinsurance premiums ceded to third parties, excluding Claddaugh, of approximately $422 million for the period from June 1, 2025, through May 31, 2026. This comprehensive program is designed to protect the long-term financial stability of HCI's insurance companies against future catastrophe events.
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