UPC Insurance reinsurance limit falls 13.9% to $2.5bn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

UPC Insurance reinsurance limit falls 13.9% to $2.5bn

Martha Muir
20 June 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
upc-insurance-logo-pic.jpg

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.

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

UPC Insurance Florida News Stocks
MM
Martha Muir
Reporter
Gift this article