Universal Insurance Holdings Announces Leadership Changes
March 14 2022 - 9:15AM
Business Wire
- Arash Soleimani appointed to Chief Strategy Officer
- Rob Luther promoted to Chief Investment Officer
- Gary Ropiecki promoted to Principal Accounting Officer
Universal Insurance Holdings (NYSE: UVE) (“Universal” or the
“Company”) announced today the appointment of Arash Soleimani as
Chief Strategy Officer and promoted Rob Luther and Gary Ropiecki to
Chief Investment Officer and Principal Accounting Officer,
respectively. Mr. Soleimani will oversee the strategy and investor
relations functions, while Mr. Luther will oversee the $1B+
investment portfolio and support M&A activities, and Mr.
Ropiecki will oversee Universal’s enterprise-wide accounting and
reporting functions.
“I’m very pleased to announce the continued focus on key pillars
of our organization. The appointment of Arash and promotions of Rob
and Gary deepen our bench strength, which is imperative as we
develop and execute our strategic objectives and position the
Company for sustainable, long-term success,” said Steve Donaghy,
Chief Executive Officer.
Mr. Soleimani was previously Executive Vice President and
Director of Investor Relations at Heritage Insurance Holdings,
Inc., a property and casualty insurer. Before Heritage, Mr.
Soleimani was a Director in the equity research division of Keefe,
Bruyette & Woods, a financial services investment bank, where
he focused on the property and casualty insurance industry. Earlier
in his career, Mr. Soleimani worked in Deloitte’s Audit and
Enterprise Risk Services division. He received a Bachelor of
Science degree in Accounting from the University of Maryland and is
a CFA Charterholder and a licensed CPA.
Mr. Luther previously served as the Vice President of Corporate
Development, Strategy & Investor Relations for Universal. Prior
to this, he served in the Corporate Strategy and M&A group at
L3Harris Technologies (NYSE: LHX; formerly Harris Corporation), a
Fortune 200, Aerospace & Defense Company, where he supported
transformational acquisitions, developed strategic growth plans,
and led inorganic portfolio shaping optimization efforts. Mr.
Luther received his Bachelor of Science degree in Mechanical
Engineering, in addition to his Master of Business Administration
(MBA).
Mr. Ropiecki previously served as the Senior Vice President and
Corporate Controller at Universal and continues to serve as
Corporate Secretary. Mr. Ropiecki started his career at Deloitte
and his experience includes roles at Hannover Re, Torus Insurance,
KPMG and E&Y. Mr. Ropiecki is a graduate of New York University
and is a licensed CPA and CGMA.
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
19 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” and “Liquidity and Capital Resources” in our 2021
Annual Report on Form 10-K, and supplemented in our subsequent
Quarterly Reports on Form 10-Q. 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. For further information regarding risk factors that
could affect the Company’s operations and future results, refer to
the Company’s reports filed with the Securities and Exchange
Commission, including the Company’s Annual Report on Form 10-K and
the most recent quarterly reports on Form 10-Q.
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version on businesswire.com: https://www.businesswire.com/news/home/20220314005284/en/
Investors: Arash Soleimani, CFA, CPA Chief Strategy
Officer 954-804-8874 asoleimani@universalproperty.com
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