NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases new commentary, Midyear Property Catastrophe Reinsurance Renewals on Track, in the wake of the first hurricane landfall of the 2019 Atlantic hurricane season. KBRA’s opinion is that property catastrophe reinsurance renewals among our rated property casualty companies in the June-July period are in line with expectations. Notably, both United Insurance Holdings Corp. and Heritage Insurance Holdings, Inc. announced increased property catastrophe reinsurance coverage at favorable pricing.
Many market observers had projected price increases of more than 30% for loss-affected layers and programs in the Florida insurance market. Loss-free catastrophe reinsurance programs in the state experienced renewal increases ranging from zero to the low double digits. In addition, there was speculation that many insurers would be unable to place their desired programs. As expected, the renewal results varied widely and depended on performance of ceding company programs in prior years, geographic footprint, and length of relationships.
KBRA’s ongoing surveillance of its rated insurance entities includes, but is not limited to, an analysis of reinsurance renewals. KBRA believes that its rated insurers are appropriately reinsured for the remainder of the 2019 Atlantic hurricane season and California wildfires.
To view the report, click here.
CONNECT WITH KBRA
Twitter
LinkedIn
Download the iOS App
YouTube
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Contacts
Analytical:
Fred DeLeon, Senior Director
(646) 731-2352
fdeleon@kbra.com
Andrew Edelsberg, Managing Director
(646) 731-2371
aedelsberg@kbra.com
Donna Halverstadt, Managing Director
(646) 731-3352
dhalverstadt@kbra.com
VANCOUVER, BC, July 16, 2026 /PRNewswire/ -- MiniTool® Software Limited has announced the release of…
Dozens of Los Angeles-area artists, researchers, and studios take the world stage at the 53rd…
SCREENX Revenue Increases 55.1% Year-Over-Year in the U.S., Driving Combined Domestic Growth of 26% Across…
New catalog of 35 expert-developed online courses helps emergency communication centers strengthen training, meet certification…
NEW YORK, July 15, 2026 /PRNewswire/ -- Software Experts has named CapCut among the Best…
Analog Way has unveiled a new firmware release for its Aquilon screen management systems which…
