The Board of United Insurance Holdings Corp. (UPC Insurance), a property and liability insurer, is examining the company's strategic and capital-raising options, which could result in a sale or merger.

The Board has started the review and will look at many of options for the carrier, according to UPC Insurance.

This covers, among other things, a potential merger or sale, the sale of a subsidiary, the creation of a new reciprocal exchange with a Florida base, the sale of stock, the selling of surplus notes, and other financing or strategic activities.

UPC Insurance was established in 1999, and through its insurance companies, it writes and provides services for residential property and liability insurance policies for both individuals and businesses. Florida, Louisiana, New York, and Texas are the current states where the corporation underwrites transactions.

In Georgia, South Carolina, and North Carolina, where renewal rights have been transferred and all premiums and losses have been ceded, it also writes policies.

UPC Insurance states that even though the Board has begun its investigation, there can be no guarantees that the outcome will lead to it pursuing a specific transaction.

UPC Insurance has hired Insurance Advisory Partners, LLC as its financial advisor and Debevoise & Plimpton LLP as its legal counsel to help with the review process.


#upc insurance #upc insurance login #upc insurance phone number #upc insurance louisiana #upc insurance agent login #upc insurance reviews #upc insurance news #upc insurance rating #upc insurance payment #upc insurance claims