Bradley I. Meier, president and chief executive officer of UniversalInsurance Holdings, Inc., commented, "UPCIC's entrée into the SouthCarolina homeowners' insurance market represents a significant milestone inour Company's history, as we have begun the process of utilizing ourinsurance expertise to diversify beyond Florida. We are pleased to be ableto offer UPCIC's homeowners' insurance products to the citizens of SouthCarolina."

About Universal Insurance Holdings, Inc.

The Company is a vertically integrated insurance holding company. Throughits subsidiaries, the Company is currently engaged in insuranceunderwriting, distribution and claims. UPCIC, which generates revenue fromthe collection and investment of premiums, is one of the top five writersof homeowners' insurance policies in the state of Florida.

Readers should refer generally to reports filed by the Company with theSecurities and Exchange Commission (SEC), specifically the Company's Form10-KSB for the year ended December 31, 2007, and the Company's Form 10-Qfor the quarterly period ended September 30, 2008, for a discussion of therisk factors that could affect its operations. Such factors include,without limitation, exposure to catastrophic losses; reliance on theCompany's reinsurance program; underwriting performance on catastrophe andnon-catastrophe risks; the ability to maintain relationships withcustomers, employees or suppliers; and competition and its effect onpricing, spending, third-party relationships and revenues. Additionalfactors that may affect future results are contained in the Company'sfilings with the SEC, which are available on the SEC's web site athttp://www.sec.gov. The Company disclaims any obligation to update andrevise statements contained in this press release based on new informationor otherwise.

Cautionary Language Concerning Forward-Looking Statements

This press release contains "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995. The words"believe," "expect," "anticipate," and "project," and similar expressionsidentify forward-looking statements, which speak only as of the date thestatement was made. Such statements may include, but not be limited to,projections of revenues, income or loss, expenses, plans, and assumptionsrelating to the foregoing. Forward-looking statements are inherentlysubject to risks and uncertainties, some of which cannot be predicted orquantified. Future results could differ materially from those described inforward-looking statements.

Investor Contact:Philip KranzDresner Corporate Services312-780-7240pkranz@dresnerco.com