UPC ceded losses jump 41% on quota share use in 2021, as other-perils cover hit
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UPC ceded losses jump 41% on quota share use in 2021, as other-perils cover hit

Martha Muir
16 March 2022
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Florida insurer United Insurance Holdings (UPC Insurance) reported an increase in ceded losses in 2021 as it made more use of quota share cover and wiped out a large share of its all other perils reinsurance.

The firm’s ceded losses rose by 41.2% in 2021, from $645.2mn in 2020 to $911.4mn in 2021, an increase of $266mn.

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Topics

NewsClaims and lossesUPC Insurance Florida
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Martha Muir
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