Universal Insurance Holdings, Inc. Appoints Shannon A. Brown as A Member of the Board
November 07, 2022 at 04:30 pm
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On November 3, 2022, the board of directors of Universal Insurance Holdings, Inc. appointed Shannon A. Brown as a member of the company's board, effective as of such date. There is no arrangement or understanding between Mr. Brown and any other person pursuant to which he was appointed as a director of the company. The board has not yet appointed Mr. Brown to any board committees.
Universal Insurance Holdings, Inc. is a holding company that offers property and casualty insurance and value-added insurance services. It develops, markets, and underwrites insurance products for consumers in the personal residential homeownerâs lines of business and other insurance-related services for its insurance entities, including risk management, claims management, and distribution. Its primary insurance entities include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company. UPCIC distributes policies through its independent agency force and offers various types of personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire. It also offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. Through its subsidiary, Evolution Risk Advisors, Inc., it advises on actuarial issues and administers claims payments.