Heritage Insurance places 2026-2027 cat XOL program with $2.2B limit, cost down $63M YoY

Heritage Insurance Holdings, Inc.

Total reinsurance cost $367.5M, decreasing $63.2M from prior year's $430.7M.
Over $2.2B of limit placed including two new catastrophe bonds and $712M multi-year coverage.
Retentions unchanged: $50M for Southeast and Hawaii, $38M for Northeast; FHCF participation at 90%.
CEO Ernie Garateix highlighted substantial cost savings and enhanced vertical protection.
Entire program is indemnity-based; no parametric covers.

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