United buys more limit and restructures retention

United Insurance Holdings has bought an additional $100mn of limit
to take its cascading cat cover to $685mn ahead of the 2016
hurricane season.
Including the Florida Hurricane Catastrophe Fund (FHCF) and
collateralized FHCF replacement layers of its placement, the
homeowners insurer has first event cover in place of $1.42bn, with
an overall programme exhaustion point of $1.52bn.
The renewal included its core operating subsidiary United
P&C, Family Security and recently acquired Northeast-fo