Ratings
Universal North America Insurance Company is rated A- (Excellent) by A.M. Best, a prestigious rating agency.  Universal Insurance Company, a subsidiary of our parent company Universal Group, Inc., has also earned a Best rating of "A" (Excellent).  Demotech, Inc., an  actuarial and financial analysis firm, has assigned Universal Insurance Company of North America the Financial Stability Rating® (FSR) of A, Exceptional.

Reinsurance
Universal North America maintains an extensive reinsurance portfolio to provide the financial stability and peace of mind you would expect from a global insurer. Our current program incorporates both Quota Share and Catastrophe Excess of Loss reinsurance. We also purchase Excess per Risk and Casualty coverage for individual large risk protection (excess per risk) and liability risk coverage (casualty).

Quota Share
Quota Share reinsurance is purchased so that losses are shared on a "pro rata" basis, such that catastrophe and non-catastrophe losses are shared by a stated percentage. This approach reduces the losses retained by Universal North America.

Catastrophe Excess of Loss
Catastrophe excess of loss reinsurance protects the Company in the event hurricane or other catastrophe losses exceed a specified retention level. Universal North America's maximum retained loss per exposure varies per state and line of business.

Reinsurance is placed in Domestic, Bermuda, International and London markets.

Reinsurance Program: Effective June 1, 2012. A.M. Best ratings are also effective as of June 2012.