UPC reports widening core loss and moves away from cascading cat structure

United Insurance Holdings (UPC Insurance) fell to a worse-than-expected core loss of $29.3mn or $0.68 a share in first quarter results it said reflected its “aggressive” de-risking and deleveraging in personal lines, as it also revealed a restructure of its slimmed down cat program away from cascading limit.

 

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) 7540 000929

spencer.halladey@wbmediagroup.com

    Andy Stone

    Sales manager

    +44 (0) 77 4160 9204

    andy.stone@wbmediagroup.com