The carrier did not provide a Q2 loss breakdown of ceded losses, but disclosed that over the first half it has ceded $130mn or 67% of cat losses to reinsurers.
UPC falls to Q2 loss on higher ceded premiums and other losses

The carrier did not provide a Q2 loss breakdown of ceded losses, but disclosed that over the first half it has ceded $130mn or 67% of cat losses to reinsurers.