Universal cedes $59.9mn prior-year development in Q2
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Universal cedes $59.9mn prior-year development in Q2

Liz Bury
28 July 2022
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Universal Insurance Fort Lauderdale 2.jpg

Universal Insurance Holdings ceded $59.9mn in prior-year reserve development during Q2, down by 45% compared to $109.2mn in Q2 2021.

The firm recorded no cat losses above expected events, the same as Q2 2021, and again ceded no cat losses to its reinsurers.

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