Universal Property & Casualty Insurance Company – 2009 Reinsurance

Property Catastrophe & Quota Share

$1,750M

3rd Layer $275M xs $512M

$1,475M

Property & Liability Per Risk & Quota Share

Est. Mandatory FHCF
90% of Policies with Wind Coverage Policies Ex-Wind Coverage
$1,070M 2nd Layer
$2.0M
xs $107M xs
$405M
$405M

Multiple Line $1.3M Multiple Line

Excess of Loss Excess of Loss

Coverage A Multiple Line Coverage A Multiple Line

Property Excess of Loss Property Excess of Loss

$1.4M Coverage B $1.4M Coverage B

$405M xs xs
Liability Liability
$600K $600K
1st Layer $245M xs $160M $1.0M $1.0M
xs xs
$300K $300K
$160M
U/L Cat 50% of
$600K
$50M xs $110M Property Per Risk
50% Quota Share $110M $300K
50% Ret $400K xs $200K
Net Retention $50M
$38.2M QS $300K 50% Ret $200K Ret
LAC Layer $10M xs $28.2M Ret
$28.2M QS $150K $300K
$200K
 Universal Property and Casualty Insurance Company – 2009 Reinsurance

2nd Event Property Catastrophe & Quota Share 3rd Event Property Catastrophe & Quota Share

Open Market Catastrophe & FHCF Open Market Catastrophe & FHCF

$160.0M $160.0M

Drop-down FHCF (90% coverage)*

2nd Event
50% of
$118M xs
$42M xs $135M

50% $118M O/R 3rd Event

Quota No 100% of
Share reinstatement
$128M xs $32M xs $256M O/R
$42.0M
Net Retention $1.9M No reinstatement
$38.2M
LAC Layer $10M xs $28.2M
$28.2M $32.0M
50%
Net Retention $14.1M Net Retention $16M
Quota
Share

* Remaining FHCF limit, if any, would drop down and attach at $135M.
The FHCF would be treated as inuring.

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