UPC Insurance cuts net Q3 cat loss after reinsurance changes
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UPC Insurance cuts net Q3 cat loss after reinsurance changes

Liz Bury
12 November 2021
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United Insurance holdings (UPC Insurance) reported net catastrophe losses of $37.0mn in Q3 2021, down from $140.0mn for the prior-year quarter, after action to significantly reduce gross and net catastrophe exposure during the past year led to a “materially reduced” hurricane loss.

The company did not disclose gross or ceded Ida losses, but said reinsurers had benefitted from windstorm reserve releases on prior year events.

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Topics

News Results Claims and losses UPC Insurance Stocks Catastrophe losses
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