Universal
-
The reinsurer has put the first layer through its captive, a move that reflects the lack of reinsurance capacity for this high-risk business. -
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The CEO assured analysts that the company has secured 85% of its core all-state first-even catastrophe tower.
-
Florida-based Universal sees 6.1% drop in policies in force; challenging claims environment pressures underwriting profit.
-
CEO Steve Donaghy said the hires would boost the company’s strategic objectives.
-
Universal Insurance Holdings reported a wider operating loss for the fourth quarter as adverse reserve development offset rising premium driven by rate increases.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Universal Insurance Holdings books $30.7mn reserve charge and sees $21.5mn in weather above plan for Q4, with shares plunging on the news.
-
Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
-
The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
-
It was nearly 900% up on the year-ago figure, as the insurer’s executives cautiously welcomed new Florida legal reforms.
Related
-
Milton was $45mn net retention event: Universal CFO Wilcox
February 26, 2025 -
Universal's Milton loss to hit second reinsurance layer: CEO
October 25, 2024