Reinsurance
Designed to Provide Peace of Mind During Catastrophes by Securing Coverage to Protect What Matters Most
Mangrove Property Insurance has secured a record-setting inaugural catastrophe reinsurance program for the 2025 Atlantic Hurricane Season. Our reinsurance structure is designed for long term stability, guarding against both the frequency and severity of catastrophic events, with coverage up to a 1-in-175 year storm. This robust program comfortably exceeds all state regulatory and rating agency requirements. We achieved both unparalleled depth and breadth in our program: with very substantial backing from several leading global titans of the reinsurance industry, coupled with support overall from more than 30 reinsurance markets, ensuring a stable source of capacity.
Participating reinsurers in the program
- Ada Re
- Amlin
- Arch
- Ariel Re
- Ark
- Ascot
- Aspen
- Beazley
- Conduit
- Convex
- DaVinci Re
- Eskatos
- Everest
- Gen Re
- Hamilton Re
- Hannover
- Hiscox
- ICW
- IGIC
- IQUW
- Lancashire
- Liberty Specialty
- Markel
- Mereo
- Nephila
- Oak Re
- Odyssey
- QBE
- Radix
- Ren Re
- Upsilon
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.