Universal Insurance Holdings, Inc. Announces That UPCIC Has Bound Its First Homeowners Insurance Policy in Massachusetts

Wed Aug 1, 2012 8:00am EDT

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

  FORT LAUDERDALE, FL, Aug 01 (Marketwire) -- 
Universal Insurance Holdings, Inc. ("Company") (NYSE MKT: UVE), a
vertically integrated insurance holding company, announced that its
subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has
bound its first homeowners insurance policy in Massachusetts. 

    Sean Downes, chief operating officer, commented, "With its entrance into
the Massachusetts homeowners insurance market, UPCIC has expanded to its
sixth state. Within Massachusetts we have marketed our homeowners
insurance solutions to more than 500 independent agents and we look
forward to further growing our presence. We are pleased to offer our
homeowners insurance products to the citizens of Massachusetts."

    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,
Georgia and Massachusetts. American Platinum Property and Casualty
Insurance Company (APPCIC), also a wholly owned subsidiary of the
Company, 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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