UPC Insurance reinsurance limit falls 13.9% to $2.5bn
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UPC Insurance reinsurance limit falls 13.9% to $2.5bn

Martha Muir
20 June 2022
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UPC Insurance has purchased $2.5bn of reinsurance occurrence-based limit for the year to 31 May 2023, a decrease of $407mn or 13.9% from the $2.9bn of cascading aggregate limit bought for the prior year.

The shrinking limit reflects UPC's retraction over the past year, as it has sold off non-Florida business through renewal rights deals and stopped writing homeowners' business through certain subsidiaries.

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Topics

UPC Insurance FloridaNews
MM
Martha Muir
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