UNIVERSAL INSURANCE HOLDINGS, INC. ADDS DEAN EVANS AS VICE PRESIDENT, INVESTOR RELATIONS

Fort Lauderdale, FL, February 9, 2017—Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Dean Evans has joined the company as Vice President of Investor Relations. An experienced investor relations professional with broad insurance industry expertise, Mr. Evans previously served as Vice President and Director of Investor Relations at National General Holdings Corp., a New York based personal lines insurance company, and prior to that as Senior Vice President and Senior Equity Research Analyst at Keefe, Bruyette & Woods, where he covered small and mid-cap Property & Casualty insurance stocks for more than eight years.

Universal Insurance Holdings, Inc. Chairman and Chief Executive Officer Sean P. Downes commented: "We are pleased to welcome Dean to Universal as we continue to enhance our investor relations team. Dean has extensive experience in the insurance industry, both as an investor relations officer and as a sell-side analyst, and brings to Universal established relationships across the investment community. With his strong industry and investor relations background, we are confident that Dean will play a key role in expanding our investor relations efforts and enhancing our relationships with analysts and investors."

Mr. Evans most recently served as Vice President and Director of Investor Relations at National General Holdings Corp., where he was responsible for constructing an investor relations program for a newly public insurance company, managing all aspects of the company’s investor relations function, cultivating and maintaining buy and sell-side relationships, and supporting the company’s corporate development activities. Prior to National General, Mr. Evans was a Senior Vice President and Senior Equity Research Analyst at Keefe, Bruyette & Woods, a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, where he covered small and mid-cap Property & Casualty insurance stocks. Mr. Evans previously worked at Deutsche Asset Management, and began his career at UBS PaineWebber. He holds a Bachelor of Science in Business Administration with a concentration in Finance from the Boston University School of Management.

About Universal Insurance Holdings, Inc.

Universal Insurance Holdings, Inc., with its wholly-owned subsidiaries, is a vertically integrated insurance holding company performing all aspects of insurance underwriting, distribution and claims. Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of the Company, is one of the leading writers of homeowners insurance in Florida and is now fully licensed and has commenced its operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan, Alabama and Virginia. American Platinum Property and Casualty Insurance Company (APPCIC), also a wholly-owned subsidiary, currently writes homeowners multi-peril insurance on Florida homes valued in excess of $1 million, which are limits and coverages currently not targeted through its affiliate UPCIC. APPCIC is additionally licensed to write Fire, Commercial Multi-Peril, and Other Liability lines of business in Florida. 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 Form 10-K for the year ended December 31, 2015.



Contacts:

Investors

Dean Evans
VP Investor Relations
954-958-1306
de0130@universalproperty.com

Media

Andy Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449