Tue, 02/21/2017 - 12:54
Florida’s United Insurance Holdings has reported a loss for the fourth-quarter of 2016 and a much reduced profit for the full-year after catastrophe losses took the firm to an underwriting loss, but its reinsurance providers, including ILS fund managers, who will take a significant share.
United Insurance Holdings uses a significant amount of collateralised reinsurance from the insurance-linked securities (ILS) market, with catastrophe bond investors and ILS funds all exposed to the insurers loss experience.
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