Universal cedes $10mn prior-year development to reinsurers in Q1

Farhin Lilywala

02 May 2022

Universal Insurance Holdings reported prior-year reserve deterioration of $10.7mn in Q1, of which $10mn, or 94%, was ceded to reinsurers, as it discussed ongoing preparations for its June renewal.

This has dropped back steeply from the result in Q4 2021, when the carrier posted $167.8mn of prior-year reserve deterioration, of which 78.2%,

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats
Fuel a smarter strategy for business growth

Request a free trial Already a subscriber? Log in now

Topics

News Results Re/insurers Florida Universal Catastrophe bonds Stocks Hurricane Catastrophe losses

Liz Bury

Editor

Farhin Lilywala

Section Editor, Distribution & Specialty