Market Brief
Strengthening Florida reinsurance market
Saturday, May 30, 2026
Market Memo
The Florida property catastrophe reinsurance market has reached record strength, with statutory surplus levels increasing from $4.5 billion to over $9.2 billion in five years, reflecting solid underwriting performance. Additionally, Palomar Insurance has expanded its earthquake reinsurance tower to $3.92 billion, supported by a $1.28 billion catastrophe bond issuance, enhancing its financial positioning for growth.
Today's developments highlight a continued trend of strengthening in the reinsurance market, particularly in Florida, which has been a focal point this week. The increase in Palomar's reinsurance capacity also aligns with the broader market's focus on enhancing coverage and stability amid rising natural disaster risks.