Universal cedes $915mn of Ian losses to reinsurance partners
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Universal cedes $915mn of Ian losses to reinsurance partners

Liz Bury
28 October 2022
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Universal Insurance Holdings logo Fort Lauderdale FL.jpg

Universal reported $1bn of Hurricane Ian losses in Q3, of which $915mn were ceded to reinsurers.

The carrier took $111mn of Ian losses net of reinsurance. This compared to zero cat losses in Q3 2021.

The

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