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Its reinsurance premiums ceded are expected to reach $207mn, up from $175mn a year earlier.
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The retention was $80mn which will reduce to $55mn for second and third events.
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Willis Re international chairman James Vickers said that the ILS market played a strong role in the Florida renewals, but it was becoming more difficult to judge the overall impact of the sector as more capacity stays behind rated balance sheets.
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The broker said a buoyant ILS market contributed to the reinsurance market nearing a new equilibrium at the end of mid-year renewals.
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The news marks the second year in a row members have ceded more than $1bn in risk to the Caribbean Catastrophe Risk Insurance Facility.
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Total spending was up 2% as the Floridian carrier cut back the limit it bought by 10%.
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The organisation has $170mn less cover in place than the $2.1bn it had for the 2020 and 2019 hurricane seasons.
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Last year it secured just NZ$6.2bn of protection from major nat cat events, as premium spending went up by 11%.
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New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.
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The carrier cut back its treaty limit by around 13% and lowered its deductible.
