Universal: Idalia severity ‘considerably smaller than initially anticipated’
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Universal: Idalia severity ‘considerably smaller than initially anticipated’

Inside P&C news team
27 October 2023
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Universal said its losses from Hurricane Idalia would fall within its reinsurance retention, as severity from the storm appeared “considerably smaller than initially anticipated”.

This came as the insurer reported a narrower Q3 underwriting loss of 110.7%, down 28.5 points from 139.2% the prior year quarter.

The

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