Universal Insurance Holdings Announces Leadership Changes

Universal Insurance Holdings (“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.