shutterstock_430526941

31 May 2024Reinsurance

Universal cuts limit at mid-years, dabbles in multi-year cover

Florida-heavy insurance group Universal Insurance Holdings was able to cut its reinsurance tower limit for its key property insurance units following a reduction in exposures, then worked the wiggle room to buy bits of multi-year coverage and shift more business to private market partners.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

HCI group ups limit to $2.7bn in mid-year renewal

31 May 2024 Limit on Homeowners Choice Florida only tower rose 13%, TypTap & other by 5%.

Dive In Festival: 10th year to bring D&I focus to 50 countries globally

20 May 2024 It will be held in Greece, Belgium, Malaysia, Namibia, Philippines for the first time.

Florida Citizens seeks $750m budget allowance for mid-year renewals

14 May 2024 Tower structure to $17.3bn PML target remains a match to outlines last reviewed in April.

More articles

US state insurance commissioners urge Musk to scrap Federal Insurance Office

Lockton Re reveals new US segment for programmes and MGAs

Talanx terminates agreement with Meiji Yasuda

Acrisure snags industry veteran to bolster expertise

MGA Alta Signa taps talent pool to bolster cyber division

Volante builds out board with former Helios, Ascot CEO

BMS swoops for UK broker in largest acquisition yet

Zurich partners with Blink to expand parametric offering

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze