Reinsurance
Designed to Provide Peace of Mind During Catastrophes by Securing Coverage to Protect What Matters Most
Mangrove has secured record-setting catastrophe reinsurance program for the 2026 Atlantic Hurricane Season.
- Designed for long-term stability, guarding against both the frequency & severity of cat events, with coverage up to a 1-in-175-year storm.
- Secured aggregate cover for 3rd & 4th events protection.
- Placement of $111MM Cat Bond.
- Program exceeds all state regulatory & rating agency requirements.
- Backed by leading global titans of the reinsurance industry.
- Nearly 40 reinsurance markets, ensuring a stable source of capacity.
Participating reinsurers in the program
- Ada Re
- Amlin
- Ariel Re
- Ark
- Ascot
- Conduit
- Convex
- DEVK Re
- Elementum
- Eskatos
- Everest
- Faraday
- Gen Re
- Group Ark
- Hamilton Re
- Hannover Re
- Hiscox
- ICW
- IGIC
- IQUW
- Lancashire
- Liberty Specialty
- MAP
- Mereo
- Nephila
- Oak
- Odyssey
- Partner Re
- Patria Re
- QBE
- QRT Re
- Quantedge
- Ren Re
- Starr Re
- Swiss Re
- Vantage
Historical events and estimated losses on the portfolio
MPIC XOL Coverage Limit
What Is Reinsurance?
Reinsurance is basically insurance for insurance companies. Think of it like this: if a big storm hits and thousands of homes are damaged, reinsurance helps ensure Mangrove has the financial strength to pay all those claims. At Mangrove, we use reinsurance to add another layer of protection for our policyholders and ensure we’re prepared for Florida’s toughest weather.
Mangrove has been assigned a Financial Stability Rating (FSR) of A, Exceptional by Demotech, Inc. Demotech assigns FSRs of A, Exceptional, to insurers that possess exceptional financial stability related to maintaining positive surplus as regards to policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expenses reserves, and realistic pricing. Our financial position is strengthened by best-in-class reinsurers who are rated “A” or better by A.M. Best.