Universal Insurance Holdings Inc
NYSE:UVE

  • LAST PRICE
    18.7200
  • TODAY'S CHANGE (%)
    -0.3100 (-1.6290%)
  • Bid / Lots
    18.3800/ 1
  • Ask / Lots
    19.0100/ 1
  • Open / Previous Close
    18.9200 / 19.0300
  • Day Range
    18.6800
    19.0700
  • 52 Week Range
    11.1550
    22.3800
  • Volume
    88,346

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  • May 30, 2024

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    • 4:10PM ET on Thursday May 30, 2024 by Business Wire
      Companies Mentioned: UVE

      Universal Insurance Holdings, Inc. (NYSE: UVE) ("Universal" or the "Company") today announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, of their combined 2024-2025 reinsurance program, effective June 1, 2024.

    • 4:10PM ET on Thursday May 30, 2024 by Dow Jones
      Companies Mentioned: UVE
      -- Successfully secured a combined UPCIC and APPCIC catastrophe reinsurance program with no material changes to historical reinsurance partners or terms and conditions. -- Replaced $217M of cost-free Reinsurance to Assist Policyholders (RAP) coverage and $150M of expiring catastrophe bond coverage in the traditional reinsurance market. -- Total cost of the 2024-2025 reinsurance program for UPCIC and APPCIC projected to be approximately 33.0% of estimated direct earned premium for the 12-month treaty period, compared to 31.8% at this time last year, reflecting a modest 1.2-point year over year increase despite our demand for private market capacity increasing significantly. -- The largest private reinsurance participants all maintain a rating from AM Best of 'A' or higher (Nephila Capital, Markel, RenaissanceRe, Munich Re, Chubb Tempest Re, Ariel Re, Everest Re and Lloyd's of London syndicates). FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 30, 2024--

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