UPC Insurance reinsurance limit falls 13.9% to $2.5bn
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UPC Insurance reinsurance limit falls 13.9% to $2.5bn

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UPC Insurance has purchased $2.5bn of reinsurance occurrence-based limit for the year to 31 May 2023, a decrease of $407mn or 13.9% from the $2.9bn of cascading aggregate limit bought for the prior year.

Coverage includes earthquake and windstorm, named or numbered by the National Hurricane Center, in Florida, Louisiana and Texas. It includes cover for UPC subsidiaries American Coastal Insurance Company, Family Security Insurance Company, Inc.,

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