Florida’s Universal passes $93.3mn of prior-year losses on to reinsurers
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Florida’s Universal passes $93.3mn of prior-year losses on to reinsurers

Fiona Robertson
29 April 2021
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Florida insurer Universal reported a slightly improved underwriting result after a weather loss-free quarter but passed on $93.3mn of prior-year losses to its reinsurers.

Premiums: Direct written premiums were up by 9.2% to $365.3mn, led by 10.2% growth in Florida, with policies in force rising by 7.2%.

Losses:

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Fiona Robertson
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