Universal Insurance Holdings Appoints Michael J. Poloskey as New COO
August 19 2020 - 4:15PM
Business Wire
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today
that Michael J. Poloskey will take on a new role as Chief Operating
Officer (COO), effective immediately. Mr. Poloskey fills the COO
role, which was vacated last summer when Steve Donaghy was named
CEO.
“This move fits with the natural progression of our organization
in providing opportunities for advancement and creating a culture
of operational excellence,” said Steve Donaghy, Chief Executive
Officer.
Mr. Poloskey said, “I look forward to broadening the operational
excellence culture we have instilled within our underwriting
department the past several years, cross functionally throughout
the organization, in partnership with our executive leadership
team.”
Mr. Poloskey, 50, has been the Company’s Vice President of
Underwriting since 2013. Prior to his role as the Vice President of
Underwriting he served as Vice President of Evolution Risk Advisors
(formerly Universal Risk Advisors) since 2009. Over more than a
decade Mr. Poloskey has been a liaison between Evolution Risk
Advisors and the in-house reinsurance intermediary Blue Atlantic
Re, has overhauled operational workflows and the organizational
structure in the underwriting department, and has been a champion
of technology adoption, enterprise architecture and execution.
Prior to joining the Company in 2009, Mr. Poloskey was employed in
the financial services industry.
Mr. Poloskey received his bachelor’s degree from the University
of Illinois.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings (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
18 states (primarily Florida). Learn more at
UniversalInsuranceHoldings.com.
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. The words “believe,” “expect,” “anticipate,” “will,”
“plan,” and similar expressions identify forward-looking
statements, which speak only as of the date the statement was made.
Such statements may include commentary on plans, products and lines
of business, marketing arrangements, reinsurance programs and other
business developments and assumptions relating to the foregoing.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified,
including those risks and uncertainties described under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K and in
the Company’s Quarterly Report on Form 10-Q for the quarter ended
March 31, 2020, as well as in our other filings with the SEC.
Future results could differ materially from those described, and
the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200819005701/en/
Investor Relations Contact: Rob Luther, 954-958-1200 ext.
6750 VP, Corporate Development, Strategy & IR
rluther@universalproperty.com
Media Relations Contact: Andy Brimmer / Mahmoud Siddig,
212-355-4449 Joele Frank, Wilkinson Brimmer Katcher
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