Universal shares plunge 18% despite profitable growth and placement of core cat cover

Shares in Universal Insurance Holdings traded down 18 percent on the New York Stock Exchange on Friday despite in-line earnings as the Floridian reported top and bottom-line growth in the first quarter and told analysts that it had placed its core cat cover at the same time as seeing no Ian loss creep.


Want to read this article?


For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 7450 000929


    Andy Stone

    Sales manager

    +44 (0) 7834 843176