Universal placed 83% of first-event cat tower: CEO Donaghy
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Universal placed 83% of first-event cat tower: CEO Donaghy

Farhin Lilywala
24 February 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Universal Insurance Fort Lauderdale with Donaghy v2.jpg

Universal CEO Steve Donaghy disclosed that the carrier has roughly 83% of its desired first-event catastrophe tower secured, including coverage from the Florida Hurricane Catastrophe Fund and deferred capacity from the Reinsurance to Assist Policyholders (RAP) program.

“We feel like there's going to be some impact from the past, and we're going to do our best to leverage our anticipated results and really their anticipated results from the legislature reforms going forward,” the executive told analysts...

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? Log in now

Topics

NewsFloridaResultsUniversal
farhin lilywala/farhin lilywala ii ils.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article