Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2012-2013 Reinsurance Program

Thu Jun 7, 2012 4:37pm EDT

* Reuters is not responsible for the content in this press release.

  FORT LAUDERDALE, FL, Jun 07 (Marketwire) -- 
Universal Insurance Holdings, Inc. ("Company") (NYSE MKT: UVE) announced
the completion by Universal Property & Casualty Insurance Company
("UPCIC") and American Platinum Property and Casualty Insurance Company
("APPCIC"), the Company's wholly-owned insurance company subsidiaries, of
its 2012-2013 reinsurance program effective June 1, 2012. The largest
private participants in the insurance subsidiaries' reinsurance program
include leading reinsurance companies such as Odyssey Re, Everest Re,
Renaissance Re, and Lloyd's of London syndicates. The Company will file a
Current Report on Form 8-K with the Securities and Exchange Commission
which provides additional details regarding the program.

    About Universal Insurance Holdings, Inc.
 Universal Insurance Holdings,
Inc. is a vertically integrated insurance holding company which, through
its subsidiaries, covers substantially all aspects of insurance
underwriting, distribution, claims processing and exposure management.
Universal Property & Casualty Insurance Company (UPCIC), a wholly owned
subsidiary of the Company, is one of the three leading writers of
homeowners insurance in Florida and is now fully licensed and has
commenced its operations in North Carolina, South Carolina, Hawaii and
Georgia. American Platinum Property and Casualty Insurance Company
(APPCIC), also a wholly owned subsidiary, currently writes homeowners
multi-peril and inland marine insurance on Florida homes valued in excess
of $1 million, which are limits and coverages currently not targeted
through its affiliate UPCIC. For additional information on the Company,
please visit our investor relations website at
www.universalinsuranceholdings.com.

    Forward-Looking Statements and Risk Factors
 This press release may
contain "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "believe," "expect,"
"anticipate," and similar expressions identify forward-looking
statements, which speak only as of the date the statement was made. Such
statements may include commentary on plans, products and lines of
business, marketing arrangements, reinsurance programs and other business
developments and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described and the Company undertakes no obligation
to correct or update any forward-looking statements. For further
information regarding risk factors that could affect the Company's
operations and future results, refer to the Company's reports filed with
the Securities and Exchange Commission, including the Form 10-K for the
year ended December 31, 2011 and the Form 10-Q for the quarter ended
March 31, 2012.

    

Investor Contact:
Philip Kranz
Dresner Corporate Services
312-780-7240
pkranz@dresnerco.com 

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