Universal Appoints Elizabeth Hansen Chief Actuary

Rhea-AI Summary

Universal Insurance Holdings, Inc. (NYSE: UVE) has appointed Elizabeth Hansen as Chief Actuary. Previously the Senior Vice President at Blue Atlantic Reinsurance Corporation, Hansen brings over 34 years of actuarial experience. Her responsibilities will include overseeing pricing, reserving, and co-leading enterprise-wide risk monitoring. CEO Steve Donaghy expressed confidence in Hansen's leadership to enhance the actuarial function and strengthen the organization.

Positive

• Appointment of Elizabeth Hansen as Chief Actuary expected to enhance actuarial functions.
• Hansen's extensive experience (34+ years) in the industry may improve risk management strategies.

Negative

• None.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”), announced today that Elizabeth Hansen has been appointed Chief Actuary. Ms. Hansen was previously Senior Vice President of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal.

In her new role, Ms. Hansen will oversee pricing, reserving and co-lead risk monitoring enterprise-wide.

“Elizabeth is a highly tenured actuarial and risk management professional with significant expertise in our business,” said Steve Donaghy, Chief Executive Officer. “Under her leadership, I’m confident that our actuarial function will thrive and make our overall organization stronger.”

Ms. Hansen is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries and has over 34 years of actuarial experience. Prior to serving as Senior Vice President of Blue Atlantic Reinsurance Corporation, a role she’s held since 2009, she was a Managing Director at Guy Carpenter, Senior Vice President at E.W. Blanch and held various actuarial roles at John Deere Insurance Group. She received her bachelor’s degree from Luther College.

About Universal

Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 19 states (primarily Florida). Learn more at universalinsuranceholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005873/en/

Arash Soleimani, CFA, CPA

Chief Strategy Officer

954-804-8874

asoleimani@universalproperty.com

Source: Universal Insurance Holdings, Inc.

FAQ

Who is the new Chief Actuary at Universal Insurance Holdings?

Elizabeth Hansen has been appointed as the new Chief Actuary at Universal Insurance Holdings.

What was Elizabeth Hansen's previous role before becoming Chief Actuary?

Prior to her new role, Elizabeth Hansen was the Senior Vice President at Blue Atlantic Reinsurance Corporation.

What are Elizabeth Hansen's responsibilities as Chief Actuary?

As Chief Actuary, Elizabeth Hansen will oversee pricing, reserving, and co-lead risk monitoring across the enterprise.

How long has Elizabeth Hansen been in the actuarial field?

Elizabeth Hansen has over 34 years of experience in the actuarial field.

What is the stock symbol for Universal Insurance Holdings?

The stock symbol for Universal Insurance Holdings is UVE.