16 New Companies Enter the Florida Insurance Market — February 2026 FLOIR Report

16 New Companies Enter the Florida Insurance Market — February 2026 FLOIR Report

The Florida Office of Insurance Regulation (FLOIR) approved 16 new entities for operation in the state during January and February 2026. The wave of new entrants spans global reinsurance giants, AI-driven insurtech startups, cannabis liability specialists, and billion-dollar home warranty platforms — signaling renewed confidence in Florida's insurance market after years of turmoil.

Here is a comprehensive breakdown of every new entrant, what they do, and what it means for Florida policyholders and the broader market.

February 2026 Entries

1. SCOR SE — Reciprocal Jurisdiction Reinsurer (Alien, Approved 02/23/26)

Paris-based SCOR SE is one of the world's top five reinsurers, writing €19.4 billion in premiums in 2024. Founded in 1970, SCOR operates in 160 countries and carries an S&P AA- financial strength rating. Their Florida approval as a reciprocal jurisdiction reinsurer adds critical capacity to a state that has suffered billions in hurricane losses and multiple carrier insolvencies over the past five years. More reinsurance capacity in Florida means primary carriers can write more policies with greater confidence — which could help stabilize or even reduce rates for homeowners.

2. Auto Premium Assistance Company, LLC — Premium Finance Company (Foreign, Approved 02/19/26)

Auto Premium Assistance Company is a premium financing company that allows policyholders to pay their insurance premiums in installments rather than lump sums. For Florida's many drivers and homeowners facing rising premiums, premium finance companies provide a practical bridge — enabling coverage that might otherwise be unaffordable upfront. Florida's premium finance market is one of the largest in the nation given the state's high insurance costs.

3. CLIC Risk Retention Group, Inc. — Risk Retention Group (Foreign, Approved 02/09/26)

CLIC Risk Retention Group is a first-of-its-kind cannabis liability insurer. Traditional insurers have largely refused to cover cannabis businesses due to the federal-state legal conflict, leaving dispensaries, cultivators, and processors exposed. Florida's medical marijuana industry generates over $2 billion in annual sales and continues to grow. CLIC fills a critical gap, providing general liability, product liability, and professional liability coverage for cannabis operators who previously had no options in the admitted market.

4. FE Risk Retention Group, Inc. — Risk Retention Group (Foreign, Approved 02/09/26)

FE Risk Retention Group is a newly formed risk retention group. Limited public information is available at this time, but as an RRG, it likely serves a specific niche industry where members pool their liability risks together. RRGs are authorized under federal law and can operate across state lines once approved in their domiciliary state.

5. Fidelity Security Assurance Company — P&C Insurer (Foreign, Approved 02/02/26)

Fidelity Security Assurance Company is a subsidiary of Tokio Marine HCC, itself part of Tokio Marine Holdings — Japan's largest insurer with over $50 billion in revenue. Tokio Marine HCC specializes in specialty lines including professional liability, surety, aviation, and credit. Fidelity Security Assurance's Florida admission brings deep global capacity and specialty expertise to a market that often lacks options for non-standard risks.

6. Retailers Insurance Company — P&C Insurer (Foreign, Approved 02/02/26)

Retailers Insurance Company is a subsidiary of Berkshire Hathaway's National Indemnity group — meaning it is backed by Warren Buffett's insurance empire, one of the largest and most financially secure in the world. Berkshire Hathaway's combined insurance operations hold hundreds of billions in float. Retailers Insurance entering Florida as an admitted carrier adds a level of financial stability few other companies can match.

7. Wingsail Insurance Company — P&C Insurer (Foreign, Approved 02/02/26)

Wingsail Insurance Company is an admitted carrier linked to Hippo Holdings (a publicly traded insurtech with a $1B+ platform) and Spinnaker Insurance. Hippo is known for its technology-forward approach to homeowners insurance, using AI-powered underwriting, smart home devices, and proactive home care programs. Wingsail's admitted status in Florida means Hippo can now write homeowners policies directly in the state's regulated market — potentially offering a more modern, tech-driven experience for Florida homeowners.

8. Zesty.AI Property Risk Solutions, LLC — Rating Organization (Foreign, Approved 02/02/26)

Zesty.AI is an AI-powered property risk analytics company that uses satellite imagery, climate models, and machine learning to assess property-level risk with 10x more granularity than traditional methods. The company has raised over $60 million in venture funding and counts major insurers among its clients. As a FLOIR-approved rating organization, Zesty.AI's models could fundamentally change how Florida property insurance is priced — rewarding well-maintained homes with lower premiums while more accurately identifying high-risk properties. This is a paradigm shift from zip-code-level pricing to property-level precision.

February 1, 2026 Entries

9. Assicurazioni Generali, S.p.A — Reciprocal Jurisdiction Reinsurer (Alien, Approved 02/01/26)

Assicurazioni Generali is an Italian insurance giant founded in 1831 in Trieste, making it nearly 200 years old. With €90 billion+ in assets and 82 million+ customers across 50+ countries, Generali is one of the largest insurance companies on earth. Their entry into Florida's reinsurance market as a reciprocal jurisdiction reinsurer brings massive European capital reserves to support Florida carriers. Combined with SCOR SE's entry, this represents a significant influx of global reinsurance capacity into the state.

10. Assurant Home Solutions of Florida, Inc. — Home Warranty Association (Foreign, Approved 02/01/26)

Assurant Home Solutions of Florida is a subsidiary of Assurant, Inc. (NYSE: AIZ), a Fortune 500 company with $11 billion in revenue. Assurant is a major player in home warranty and connected home services, recently launching new home warranty products in partnership with Compass International. Their Florida home warranty registration positions them to serve the state's massive real estate market with appliance, systems, and structural coverage plans.

11. Brookfield Properties Tenant Insurance Program LLC RPG — Risk Purchasing Group (Domestic, Approved 02/01/26)

Brookfield Properties Tenant Insurance Program is a risk purchasing group from Brookfield Properties, one of the world's largest commercial real estate companies with $275 billion in assets under management. This RPG provides tenant insurance for Brookfield's massive Florida commercial property portfolio — covering retail spaces, office buildings, and mixed-use developments. By forming an RPG, Brookfield can negotiate group coverage terms and pricing for tenants across its Florida properties.

12. Convex Re Limited — Surplus Lines (Alien, Approved 02/01/26)

Convex Re Limited is a Bermuda-based specialty reinsurer founded in 2019 by Stephen Catlin, the former CEO of Hiscox. In February 2026, AIG acquired a significant stake in Convex, backing it with one of the world's largest insurance groups. Convex writes $2.5 billion in gross written premiums and is known for handling complex, hard-to-place risks that admitted carriers won't touch. Their Florida surplus lines approval means they can now write specialty coverage for risks that fall outside the standard market.

13. OHS FL Assetco, LLC — Home Warranty & Service Warranty (Foreign, Approved 02/01/26)

OHS FL Assetco is the operating entity of Oncourse Home Solutions (formerly HomeServe), a major home services and warranty platform backed by Apax Partners (private equity). The company completed a $1.66 billion securitization in February 2026, demonstrating significant scale. Their Florida registration for both home warranty and service warranty means they can offer comprehensive home protection plans covering plumbing, electrical, HVAC, and other home systems.

January 2026 Entries

14. Alight Services India Private Limited — Third Party Administrator (Alien, Approved 01/20/26)

Alight Services India is a subsidiary of Alight Solutions (NYSE: ALIT), a $3.4 billion cloud-based human capital and benefits administration company serving 35 million+ employees globally. Their Florida TPA registration enables them to administer health insurance claims for employer-sponsored plans in the state. This reflects the ongoing trend of benefits administration being handled by specialized technology platforms rather than insurers themselves.

15. Hinge Health Administrative Services, Inc. — Third Party Administrator (Foreign, Approved 01/20/26)

Hinge Health is a digital musculoskeletal (MSK) therapy company that filed for IPO in 2025 with $390 million in revenue. Their sensor-based exercise therapy platform helps patients avoid surgery and reduce opioid use — two critical healthcare priorities. Their Florida TPA license allows them to administer MSK-related claims for employers, integrating their digital therapy programs directly with claims processing. This is healthcare innovation meeting insurance administration.

16. Plan Forward, Inc. — Discount Plan Organization (Foreign, Approved 01/20/26)

Plan Forward is a dental membership plan platform that has raised over $2 million in funding. The company helps dental practices offer subscription-based membership plans as an alternative to traditional dental insurance — patients pay a monthly fee for preventive care and discounts on procedures. Their Florida registration as a discount plan organization means they can now offer these plans to Florida consumers, providing an alternative for the estimated 40%+ of Floridians without dental insurance.

What This Means for Florida Policyholders

The January-February 2026 FLOIR approvals represent one of the most significant waves of new market entrants Florida has seen in years. Here is what it means in practical terms:

• More reinsurance capacity: SCOR SE and Generali together represent hundreds of billions in global assets entering Florida's reinsurance market. More reinsurance supply means Florida carriers can write policies with greater confidence, which should put downward pressure on rates over time.
• Smarter pricing is coming: Zesty.AI's approval as a rating organization means property-level risk assessment — not zip-code averages — could become the standard. Homeowners who invest in their properties may finally be rewarded with lower premiums.
• More competition in homeowners insurance: Wingsail (Hippo), Retailers Insurance (Berkshire Hathaway), and Fidelity Security Assurance (Tokio Marine) bring well-capitalized new options to a market that desperately needs them.
• New coverage options: Cannabis businesses can now get liability coverage through CLIC. Homeowners have new warranty options from Assurant and Oncourse Home Solutions. Dental patients have subscription alternatives through Plan Forward.
• Technology-driven claims and benefits: Hinge Health and Alight bring modern, tech-enabled claims administration to Florida — potentially improving the speed and accuracy of claims processing.

For Florida policyholders, the bottom line is this: more competition, more capacity, and more innovation entering the market is a positive development. After years of carriers leaving the state, the tide appears to be turning. If you have questions about your insurance coverage or a claim that was mishandled, Louis Law Group is here to help. Contact us for a free consultation.