Reinsurance Program

We’re prepared to Keep the Promise® and see you through whatever the next storm season brings.

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A Strong Foundation to Count on in Time of Need

UPC Insurance serves one purpose: to Keep the Promise® to homeowners in catastrophe-exposed areas. Since our founding in Florida in 1999, we have stayed true to this mission while growing to write in 11 states, plus being licensed in 18 states, and building a strong financial foundation to support every step of our expansion and mission.

More Than Two Decades of Keeping the Promise

  • UPC Insurance is the 18th largest writer of homeowners insurance and related lines in the nation
  • Has more than $485 million of equity capital and over $3.35 billion of additional total reinsurance coverage to protect our policyholders
  • Is fully transparent as a publicly traded company (NASDAQ: UIHC)
  • Has paid claims in thousands of routine events and multiple separate tropical storms and hurricanes, while staying financially sound through it all
  • Has specialized in coastal states since 1999

Rated Financially Strong

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AM Best rating of A- (Excellent)

In recognition of our financial strength and strong operating performance, AM Best has given Journey Insurance an A- (Excellent) financial rating, which is only assigned to companies with an excellent ability to meet their ongoing obligations to policyholders. AM Best Company is a worldwide insurance rating and information agency that issues in-depth reports and financial strength ratings about insurance organizations.

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Financial Stability Rating® of A, Exceptional, from Demotech

Financial Stability Ratings are a leading indicator of the financial stability of Property and Casualty insurers. UPC Insurance, Interboro Insurance, and Family Security Insurance Corporation are proud of our A, Exceptional, Rating from Demotech. We are proud of our A', Unsurpassed, Rating from Demotech for American Coastal Insurance.

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Kroll Bond Rating Agency rating of A-

The UPC family of companies has also earned an A- and a Stable Outlook by Kroll Bond Rating Agency. This assessment measures both finances and overall strategic vision for serving our policyholders and agents.

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Reinsurance That is Built to Weather Historic Events

Our catastrophe reinsurance program is structured to offer unique protection for both severity and frequency. In other words, it is built to protect against both very large storms and multiple storms in the same year. Since 1900, there has never been a hurricane event or season that would have exhausted more than 60% of our reinsurance coverage in today's dollars.

Sufficient to cover in excess of:
- A 1-in-350-year event
- Or a 1-in-100-year event
- Followed by a 1-in-50-year event in the same season

Our $3.35 billion reinsurance for 2020/21 includes a $101 million increase from the previous year. And it provides $1.7 billion of Florida-only coverage under the Florida Hurricane Catastrophe Fund (FHCF) Reimbursement Contracts.

Sufficient to cover in excess of:
- A 1-in-250-year event
- Or a 1-in-100-year event
- Followed by a 1-in-200-year event in the same season

Journey boosted its reinsurance coverage by $5.8 million to $31.9 million for 2020/21. This includes $5.6 million in total Florida-only coverage under the Florida Hurricane Catastrophe Fund (FHCF) Reimbursement Contracts.

Sufficient to cover in excess of:
- A 1-in-150-year event
- Or a 1-in-100-year event
- Followed by a 1-in-50-year event in the same season

Interboro's stand-alone coverage also includes $57 million of limit per occurrence and $79 million in the aggregate.

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Skyway Reinsurance Services (“SRS”), a wholly-owned subsidiary of UPC Insurance, is a licensed reinsurance intermediary providing specialized reinsurance broking expertise, advanced analytics, full catastrophe modeling capabilities, and multifaceted capital management solutions to the UIHC group. These services provided by SRS strengthen growth and profitability for the UIHC group. Additionally, SRS is responsible for engaging third-party partners to assist with these services as necessary.