Universal Insurance Holdings, Inc. To Be Honored by Women Executive Leadership Florida for Advancing Gender Diversity in the Boardroom
Fort Lauderdale, FL, August 28, 2017 – Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will be honored at the Women Executive Leadership (WEL) Florida 2017 Corporate Salute Event on September 12, 2017, for helping to accelerate the advancement of gender diversity in our boardroom and C-Suite. Universal will receive the Breakthrough Award, which honors companies like ours who have added a female executive to the board for the first time since WEL’s Census in 2014. For more information on Corporate Salute please visit: https://welflorida.org/events/wel-corporate-salute-tampa-save-date-septemberoctober
Universal Insurance Holdings, Inc. Chairman and Chief Executive Officer Sean P. Downes commented: “We are very pleased to receive the Breakthrough Award from WEL Florida, and believe this accolade is a testament to Universal’s commitment to diversity throughout our entire organization. We appointed Kimberly Cooper, who joined the Company in 2007 and currently serves as Universal’s Chief Information Officer and Chief Administrative Officer, to our Board of Directors earlier this year. Kim has been a tremendous asset to our Company both as a Director and as a senior executive, where her insight and leadership ability have helped Universal become what we are today. We look forward to attending the WEL Florida 2017 Corporate Salute Event.”
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, Virginia, and New Jersey. 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 and has commenced writing 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.
About WEL Florida
Women Executive Leadership, Inc. (WEL) advocates, educates and connects accomplished women. WEL is a not-for-profit organization whose primary purpose is to increase the number of women serving on corporate boards and in the executive suite through advocating, educating and connecting accomplished leaders. WEL’s membership is reflective of executive women across diverse businesses in Florida. For more information, visit www.welflorida.org.
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, 2016 and Form 10-Q for the quarter ended June 30, 2017.