United tops up 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 its Florida Hurricane Catastrophe Fund (FHCF) cover
and collateralised FHCF replacement layers, the homeowners'
insurer has first-event cover in place of $1.42bn, with an overall
programme exhaustion point of $1.52bn.
The renewal included the group's core operating subsidiary
United P&C, Family Security and recently acquired
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