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Florida Citizens Property Insurance Corporation·Florida

Reinsurance Brokerage and Advisory Services

Closes 11/12/2026$500k – $2MRequest for Proposal
Get bids like this by emailBid source

Description

Citizens Property Insurance Corporation, a Florida state‑run insurer, is seeking qualified vendors to provide reinsurance brokerage and advisory services. The Invitation to Negotiate (ITN) does not guarantee any minimum volume or compensation; vendors will compete for assignments as they arise. Interested firms must review the full solicitation on the Citizens website and submit a proposal by the November 12, 2026 deadline. The work involves evaluating reinsurance options, negotiating terms, and advising Citizens on risk transfer strategies. • Scope: Reinsurance placement, market analysis, advisory consulting, and brokerage services for property insurance risk. • No guaranteed minimum workload – firms are selected per individual reinsurance transaction. • Submission deadline: 2026‑11‑12; open for proposals from 2026‑10‑14. • Contact: Jamie Hann, Procurement Officer (phone (904) 328‑3563, email [email protected]). • Required: Demonstrated experience in reinsurance brokerage, strong relationships with global reinsurers, and capability to provide timely advisory support.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jamie Hann(Procurement Officer)

[email protected]

(904) 328-3563

Key dates

Opened
10/14/2026
Closes
11/12/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524210
Solicitation №
26-0017

Budget estimate

$500,000 – $2,000,000

The solicitation does not disclose a budget. Reinsurance brokerage fees are typically a percentage of the reinsured premium (often 0.5‑2%). Assuming Citizens places $100‑$500 million of reinsurance annually, the broker’s revenue could range from $500,000 to $10 million. Given the “no guaranteed volume” clause, a realistic expectation for a single vendor might be $0.5‑2 million in the first year, scaling with successful placements.

AI estimate from the solicitation

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