Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2019-2020 Reinsurance Programs
"We are pleased to announce the completion and outcome of the 2019-2020 reinsurance programs for both of our insurance companies," said
UPCIC expanded the top of its reinsurance tower for a single
To further insulate for future years, UPCIC secured
UPCIC increased its first event catastrophe retention for a
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Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "will," "plan," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include commentary on plans, products and lines of business, marketing arrangements, reinsurance programs and other business developments and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information regarding risk factors that could affect the Company's operations and future results, refer to the Company's reports filed with the
(1) Using RMS modeling estimates as of 3/31/18.
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