USI Holdings Corporation Acquires Book of Business from Universal American Insurance Agency, Inc.

  
    
  
  
    
      USI Holdings Corporation (NASDAQ: USIH) today announced the acquisition 
      of a book of business from Universal American Insurance Agency, Inc. 
      Universal American Insurance Agency, Inc. principally provides personal 
      property and casualty coverages to home buying customers of one of the 
      nation's leading home builders.
    
    
      The book of business represents more than $6 million of annualized 
      revenues for USI. This book of business will become part of USI’s 
      Affinity division which markets insurance products to the membership and 
      customer base of associations, trade groups and other sponsoring 
      organizations.
    
    
      This press release contains "forward-looking statements" within the 
      meaning of the Private Securities Litigation Reform Act of 1995. 
      Forward-looking statements may be identified by words such as "expects," 
      "anticipates," "intends," "plans," "believes," "seeks," "estimates," 
      "will" or words of similar meaning and include, but are not limited to, 
      statements about the expected future business and financial and 
      operating performance of USI resulting from and following the 
      acquisition. These statements are based on management's current 
      expectations and are inherently subject to uncertainties and changes in 
      circumstances. Detailed information about the factors that could cause 
      actual results to differ materially from those described in the 
      forward-looking statements is contained in USI's filings with the SEC. 
      Some of those factors include matters analyzed in the due diligence 
      process, material adverse changes in the clients of the acquired 
      company, and substantial delay in the expected closing of the 
      transaction. All forward-looking statements included in this press 
      release are made only as of the date of this press release, and USI does 
      not undertake any obligation to publicly update or correct any 
      forward-looking statements to reflect events or circumstances that 
      subsequently occur or of which USI hereafter becomes aware.
    
    
      About USI Holdings Corporation
    
    
      Founded in 1994, USI is a leading distributor of insurance and financial 
      products and services to businesses throughout the United States. USI is 
      headquartered in Briarcliff Manor, NY, and operates out of 68 offices in 
      19 states. Additional information about USI may be found at www.usi.biz.
    
  
USI Holdings Corporation (NASDAQ: USIH) today announced the
acquisition of a book of business from Universal American Insurance
Agency, Inc. Universal American Insurance Agency, Inc. principally
provides personal property and casualty coverages to home buying
customers of one of the nation's leading home builders.

   The book of business represents more than $6 million of annualized
revenues for USI. This book of business will become part of USI's
Affinity division which markets insurance products to the membership
and customer base of associations, trade groups and other sponsoring
organizations.

   This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," "will" or words of similar meaning and include, but are
not limited to, statements about the expected future business and
financial and operating performance of USI resulting from and
following the acquisition. These statements are based on management's
current expectations and are inherently subject to uncertainties and
changes in circumstances. Detailed information about the factors that
could cause actual results to differ materially from those described
in the forward-looking statements is contained in USI's filings with
the SEC. Some of those factors include matters analyzed in the due
diligence process, material adverse changes in the clients of the
acquired company, and substantial delay in the expected closing of the
transaction. All forward-looking statements included in this press
release are made only as of the date of this press release, and USI
does not undertake any obligation to publicly update or correct any
forward-looking statements to reflect events or circumstances that
subsequently occur or of which USI hereafter becomes aware.

   About USI Holdings Corporation

   Founded in 1994, USI is a leading distributor of insurance and
financial products and services to businesses throughout the United
States. USI is headquartered in Briarcliff Manor, NY, and operates out
of 68 offices in 19 states. Additional information about USI may be
found at www.usi.biz.