Universal closes $100mn private placement to drive growth

Universal Insurance Holdings has completed an upsized and oversubscribed private placement of $100mn senior unsecured notes, the proceeds of which the Florida-based carrier said would be used as growth capital as primary rate increases continue to earn through its book.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com