Universal placed 83% of first-event cat tower: CEO Donaghy
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Universal placed 83% of first-event cat tower: CEO Donaghy

Farhin Lilywala
24 February 2023
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Universal CEO Steve Donaghy disclosed that the carrier has roughly 83% of its desired first-event catastrophe tower secured, including coverage from the Florida Hurricane Catastrophe Fund and deferred capacity from the Reinsurance to Assist Policyholders (RAP) program.

“We feel like there's going to be some impact from the past, and we're going to do our best to leverage our anticipated results and really their anticipated results from the legislature reforms going forward,” the executive told analysts...

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Farhin Lilywala
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