People’s Trust Insurance Announces Completion of 2022-2023 CAT XOL Reinsurance Placement

on June 3, 2022

People’s Trust Insurance Company, a Florida property and casualty insurance company, announced today that it fully placed its 2022-2023 catastrophe excess-of-loss reinsurance program.

“We are very pleased to announce the completion of our placement prior to June 1, 2022, including continued support of our extensive panel of highly rated reinsurance partners. Our placed program meets or exceeds all state and rating agency requirements,” said COO Tom Gallagher. “The company plans to resume selling new policies within the next 30 days,” according to Gallagher, who stated, “We can’t wait to get back to writing new business, once our new rates, that reflect the newest reinsurance package, are filed.”

About People’s Trust Insurance:

Founded in 2008, People’s Trust Insurance has developed into one of Florida’s top 12 home insurance companies, providing homeowners with affordable rates and benefits not offered from any other company. Honoring the Enterprise Florida Governor’s Innovators in Business Award, People’s Trust provides a “Better Way” for over 100,000 Floridians to insure their homes. With more than 500 employees in its family of companies and an affiliation with Florida’s largest residential insurance restoration general contractor, People’s Trust is Florida’s best-prepared home insurance company and a full partner in their policyholders’ recovery process after loss.

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