{"id":624,"date":"2025-09-23T13:30:02","date_gmt":"2025-09-23T13:30:02","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=624"},"modified":"2025-09-23T13:49:37","modified_gmt":"2025-09-23T13:49:37","slug":"floridas-praxis-reciprocal-exchange-obtains-oir-license","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/09\/23\/floridas-praxis-reciprocal-exchange-obtains-oir-license\/","title":{"rendered":"Florida\u2019s Praxis Reciprocal Exchange obtains OIR license"},"content":{"rendered":"

A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR).<\/p>\n

\"WelcomePRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre Risk Management, LLC as its Attorney-in-Fact. With licences secured, the carrier aims to begin offering policies in Florida in the coming months.<\/p>\n

It was established to provide stability, choice, and long-term commitment to Florida homeowners and communities. As a reciprocal, PRE is structured to prioritise the interests of its policyholders, aligning financial results and governance directly with those it insures.<\/p>\n

The new domestic carrier is enabled by best-in-class technology, powered by Exzeo, with strategic formation advisory provided by reinsurance advisory firm, Aon Reinsurance Solutions.<\/p>\n

The backing by strong capital support and strategic reinsurance partnerships enables the firm to provide sustainable coverage solutions to homeowners across the State of Florida.<\/p>\n

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Overall, the firm\u2019s leadership team brings more than 75 years of expertise in the Florida property insurance sector, spanning agency distribution, underwriting, claims management, and reinsurance.<\/p>\n

Jennifer Gravelle, President and Chief Financial Officer of Pre Risk Management, LLC, commented, \u201cFlorida\u2019s property market faces unique challenges, and Praxis Reciprocal Exchange was built to address them with experience, financial strength, and a policyholder-first approach.<\/p>\n

\u201cWe are committed to serving Florida residents with innovative products and responsive service, while supporting the overall resiliency of the state\u2019s insurance marketplace.\u201d<\/p>\n

Richard Ficca, Vice President, Distribution and Agent Relations, added, \u201cLaunching a new insurer in today\u2019s environment is no small feat. Our reciprocal model ensures that policyholders are at the center of every decision, creating alignment, transparency, and accountability.\u201d<\/p>\n

The post Florida\u2019s Praxis Reciprocal Exchange obtains OIR license<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre…<\/p>\n","protected":false},"author":1,"featured_media":626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/624"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=624"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/624\/revisions"}],"predecessor-version":[{"id":628,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/624\/revisions\/628"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/626"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=624"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}