Universal secures $3bn Florida reinsurance treaty without prepayment terms
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Cookies Settings

Universal secures $3bn Florida reinsurance treaty without prepayment terms

Aisling Finn
01 June 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Universal Insurance Holdings logo Fort Lauderdale FL.jpg

Universal Insurance Holdings has said it had secured its full targeted reinsurance programme without prepayment terms, although it had to retain the first layer through its captive insurer, as the Florida reinsurance market has tightened notably.

The insurer’s subsidiaries Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC) will have coverage up to losses of $3.16bn

Request a free trial:

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
Request a free trial Already a subscriber? Login now

Topics

Re/insurersNewsUniversal
aisling finn/aisling finn ii ils.png
Aisling Finn
Contact
Gift this article