Universal Insurance

Universal: outlier or bellwether for a hard Florida renewal?

Reinsurers have been aggressively talking the talk ahead of the upcoming mid-year Florida renewal.

Universal shares slump 20% as Irma and older years creep

Shares in Universal Insurance Holdings slumped 20 percent in trading this morning as investors digested a hefty Q4 reserve charge from the Floridian related to creep from Irma and other prior-year cat losses as well as attritional loss deterioration.

Reserve charge adds 47.6 points to Universal’s Q4 combined ratio

Florida-based Universal Insurance Holdings took a $97.3mn reserve charge in the fourth quarter, which pushed it to a $0.18 loss per share from $1.03 earnings in the fourth quarter of 2017.