Kroll downgrades UIHC and UPC ratings
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Kroll downgrades UIHC and UPC ratings

Farhin Lilywala
December 09, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
upc united insurance logo nasdaq.jpg

United Insurance Holdings' insurer and debt ratings were downgraded to BB+ from BBB- by Kroll Bond Rating Agency (KBRA). The insurance financial strength rating (IFSR) of its subsidiary, United Property and Casualty, was downgraded to B+ from BB-.

KBRA also affirmed the A- ISFR for subsidiaries American Coastal Insurance Company and Interboro Insurance Company.

All ratings have been removed from watch downgrade and now have a negative outlook, amidst the challenges faced by the Florida property market.

KBRA

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

News American Coastal
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article