Universal adds $100mn to $3.4bn reinsurance placement
Universal Insurance Holdings has renewed its reinsurance treaty with an extra $100mn limit, taking its coverage up to $3.4bn for any single Florida event after buying its first cat bond, Cosaint Re, earlier this year.
Universal adds $100mn to $3.4bn reinsurance placement
Universal Insurance Holdings has renewed its reinsurance treaty with an extra $100mn limit, taking its coverage up to $3.4bn for any single Florida event after buying its first cat bond, Cosaint Re, earlier this year.