UPC Insurance

Coupled with aggregate cover the company has in place, United said Thursday that exposure to cat events for the remainder of its current reinsurance program would be $9mn.

She previously worked as VP underwriting for IAT insurance group, a Florida based property-casualty carrier.

The insurer kept prior-year reserves for Irma stable and said its “transition” plan was underway.

In a filing, the company said he was leaving the post “to pursue another opportunity”.

Total spending was up 2% as the Floridian carrier cut back the limit it bought by 10%.

The executive said reforms will help insurers, but more challenges remain to be tackled, as local executives remain divided on the potential impact of the legislation.

The carrier cut back its treaty limit by around 13% and lowered its deductible.