Promissum Re SPC Ltd


United (UPC) in 2018 Promissum Re collateralized reinsurance arrangement

United Insurance Holdings (UPC Insurance) has renewed its Promissum Re collateralized reinsurance facility in 2018 at an unknown size and the firm has deepened a relationship with investors Amundi Pioneer Asset Management who have allocated just under $20 million to the arrangement. Promissum Re is an innovative reinsurance arrangement for UPC, read the full article →

United launches Promissum Re collateralized reinsurance facility

United Insurance Holdings Corp. (also known as UPC Insurance), a coastal and homeowners insurance focused property and casualty holding company, launched a novel collateralized reinsurance facility named Promissum Re earlier this year. It appears that Promissum Re has a lot in common with a sidecar, being fully collateralized by third-party capital read the full article →