Universal secures $3bn Florida reinsurance treaty without prepayment terms
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Universal secures $3bn Florida reinsurance treaty without prepayment terms

Aisling Finn
June 01, 2022
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Universal Insurance Holdings logo Fort Lauderdale FL.jpg

Universal Insurance Holdings has said it had secured its full targeted reinsurance programme without prepayment terms, although it had to retain the first layer through its captive insurer, as the Florida reinsurance market has tightened notably.

The insurer’s subsidiaries Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC) will have coverage up to losses of $3.16bn

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