Universal Insurance Holdings, Inc. Subsidiary Completes 2008-2009 Reinsurance Program

Fort Lauderdale, FL - Universal Insurance Holdings, Inc., a vertically integrated insurance holding company, announced the completion by Universal Property and Casualty Insurance Company ("UPCIC"), the Company's wholly-owned regulated insurance subsidiary, of its 2008-2009 reinsurance program effective June 1 of this year. The largest participants on UPCIC's reinsurance program include leading reinsurance companies such as Everest Re, Renaissance Re, and Lloyd's of London syndicates. The Company has filed a Form 8-K Periodic Report with the SEC which provides additional details regarding the program.

SOURCE: Universal Insurance Holdings, Inc.