- CEO
- Stephen Joseph Donaghy
- Full Time Employees
- 1,068
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 1110 West Commercial Boulevard Fort Lauderdale FL United States of America 33309
- IPO Date
- Jun 6, 2003
- Business
- Universal Insurance Holdings, Inc. (UVE) is an integrated insurance holding company that develops, markets, and underwrites personal residential insurance products primarily in the United States, with a focus on the Florida market; it also provides comprehensive insurance-related services including risk management, claims processing, policy administration, underwriting support, inspections, reinsurance placement, and distribution through its subsidiaries. The company's primary insurance subsidiaries, Universal Property and Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), offer homeowners, renters/tenants, condo unit owners, dwelling and fire, allied lines, other structures, personal property, liability, and personal articles coverages; these products are distributed via an extensive network of over 9,000 independent agents, in-house agents, and direct-to-consumer online platforms such as Clovered. Supporting subsidiaries include Alder Adjusting for claims management from inception to settlement; Evolution Risk Advisors, the managing general agent handling actuarial analysis, distribution oversight, claims payments, policy administration, underwriting, and reinsurance negotiations; Wicklow Inspection Corporation for underwriting inspections; and Blue Atlantic Reinsurance Corporation for reinsurance intermediation with third-party brokers. UVE generates revenue from premiums, investment income, reinsurance recoverables, and fees for services provided to its insurance entities. Founded in 1990 and headquartered in Fort Lauderdale, Florida, the company, formerly known as Universal Heights, Inc., changed its name to Universal Insurance Holdings, Inc. in January 2001; its principal operating subsidiary UPCIC commenced operations in 1997-1998 by assuming policies from the Florida Joint Underwriting Association. In recent developments, UVE completed a $2.526 billion combined reinsurance tower for its insurance subsidiaries effective June 1, 2025, marking a $110 million increase from the prior year and extending some coverage multi-year through 2025-2026 with longstanding partners including Nephila Capital, Markel, RenaissanceRe, Munich Re, Chubb Tempest Re, Ariel Re, Everest Re, and Lloyd’s syndicates; this follows the prior 2024-2025 renewal of $2.4 billion with enhanced reinstatement limits for multi-event scenarios. The company maintains a disciplined underwriting approach, conservative balance sheet, and technology-driven enhancements across its value chain to support operational efficiencies and customer experience in the property and casualty insurance sector.