Assurant places ~$1.3B in 2023 catastrophe reinsurance; retention $125M per event

ASSURANT, INC.

U.S. program provides ~$1.28B loss coverage in excess of $125M retention (drops to $100M for 2nd/3rd event).
PML coverage improves to 1-in-225-year storm (2022: 1-in-174); combined Florida coverage up to $1.58B.
Estimated 2023 reinsurance premiums ~$200M pre-tax, placed with 40+ reinsurers all rated A- or better.
Company mitigated price increases via international business exit, product optimization, and multiyear agreements.

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