Universal cedes $131mn prior-year reserves in Q4; bulk to Cat Fund
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Universal cedes $131mn prior-year reserves in Q4; bulk to Cat Fund

Martha Muir
25 February 2022
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Universal Insurance Fort Lauderdale 2.jpg

Universal Insurance Holdings ceded fewer cat losses in Q4 but passed on significantly more reserve deterioration, as it said it had secured more than three-quarters of its first-event reinsurance coverage.

Weather losses: The Floridian carrier said that it had recorded $28mn of losses due to weather events, all of which it retained net, compared to $168.9mn

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