Value Microcaps Motherboard

[researcher59]

abh3vt: re UVE, reinsurance terms and rates normally get renegotiated once a year for the period beginning June 1, which marks the start of the 6 month hurricane season.

Did you see the 8K filing of 6/13 that documented UVE's reinsurance terms for the 6/1/07-08 period ? The catastrophe premium went up by a huge amount due to the increased number of policies. A lot depends on how they allocate that expense in the coming year. Q2 did not seem to be adversely affected, even though the new rates were in effect for the last month of the quarter.

I'm not sure what TCHC meant by reduced reinsurance premiums, unless they got a reduction midterm in their policy period (or are they merely referring to reduced ceding premiums since overall gross premiums were down ?)