SEAN P. DOWNES - Corporate Board Profile

UNIVERSAL INSURANCE HOLDINGS, INC.

Filing Date	Source Excerpt
2010-04-16	The Company pays an annual director’s fee equal to $80,000, paid monthly, to each director of the Company except Mr. Bradley Meier and Mr. Sean Downes.
2011-04-08	Sean P. Downes has been Senior Vice President, Chief Operating Officer and a director of the Company since January 2005. He has served as Chief Operating Officer and a director of UPCIC, a wholly-owned subsidiary of the Company, since July 2003.
2012-04-30	Sean P. Downes has been Senior Vice President, Chief Operating Officer and a director of the Company since January 2005. He has served as Chief Operating Officer and a director of Universal Property & Casualty Insurance Company ("UPCIC"), a wholly owned subsidiary of the Company, since July 2003. Mr. Downes was Chief Operating Officer of Universal Adjusting Corporation from July 1999 to July 2003. During that time Mr. Downes created the Company’s claims operation. Before joining the Company in July 1999, Mr. Downes was Vice President of Downes and Associates, a multi-line insurance adjustment corporation. Mr. Downes has over 23 years of experience in the insurance industry. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings a broad understanding of the strategic priorities and operational demands facing the Company.
2013-04-24	Sean P. Downes has been President and Chief Executive Officer of the Company since February 22, 2013, when Bradley I. Meier resigned from such positions. Mr. Downes has served as a director of the Company since 2005.
2014-04-23	Sean P. Downes has been President and Chief Executive Officer of the Company since February 22, 2013 ... Mr. Downes was elected as Chairman of the Board in July 2013. ... The Investment Committee members are Scott P. Callahan, Sean P. Downes, Reed J. Slogoff and Jon W. Springer.
2015-04-15	Sean P. Downes has been Chairman, President and Chief Executive Officer of the Company since 2013. ... The Investment Committee members are Scott P. Callahan, Sean P. Downes, Ralph J. Palmieri and Jon W. Springer. ... Director Summary Compensation Table does not list compensation for Mr. Downes as a director.
2016-04-29	Sean P. Downes became Chairman and Chief Executive Officer of the Company in 2013. Mr. Downes also served as President of the Company from 2013 to March 10, 2016. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since 2005 and Chief Operating Officer of Universal Property & Casualty Insurance Company ("UPCIC"), a wholly-owned subsidiary of the Company, since 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Universal Adjusting Corporation, a wholly-owned subsidiary of the Company, from 1999 to 2003. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings a broad understanding of the strategic priorities and operational demands facing the Company. Mr. Downes does not receive compensation for his Board service.
2017-04-28	Sean P. Downes (Chairman and CEO) 47 2005 Chairman and Chief Executive Officer, Universal Insurance Holdings, Inc. Nominating & Governance Committee member
2018-04-27	Sean P. Downes (Chairman and CEO) 48 2005 Chairman and Chief Executive Officer, Universal Insurance Holdings, Inc. Nominating & Governance Committee member
2019-04-29	Sean P. Downesbecame Chairman and Chief Executive Officer of the Company in 2013. Mr. Downes also served as President of the Company from 2013 to March 10, 2016. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since 2005 and Chief Operating Officer of UPCIC, a wholly-owned subsidiary of the Company, since 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Alder Adjusting Corporation (formerly Universal Adjusting Corporation), a wholly-owned subsidiary of the Company, from 1999 to 2003. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings to the Board a broad understanding of the strategic priorities and operational demands facing the Company.
2020-04-29	Sean P. Downes (Executive Chairman) 50 2005 Executive Chairman, Universal Insurance Holdings, Inc. Nominating & Governance Committee member. Total compensation $5,406,060 in 2019.
2021-04-29	Sean P. Downes (Executive Chairman) 51 2005 Executive Chairman, Universal Insurance Holdings, Inc. Nominating & Governance Committee Member, Investment Committee Member. Director Compensation: $2,487,087 in 2020.
2022-04-29	Sean P. Downes became Executive Chairman in July 2019. Prior to being the Executive Chairman, Mr. Downes was Chairman of the Board of Directors and Chief Executive Officer of the Company from 2013 to July 2019. Mr. Downes also served as President of the Company from 2013 to March 2016. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since 2005 and Chief Operating Officer of UPCIC, a wholly-owned subsidiary of the Company, since 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Alder Adjusting Corporation (formerly Universal Adjusting Corporation), a wholly-owned subsidiary of the Company, from 1999 to 2003. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings to the Board a broad understanding of the strategic priorities and operational demands facing the Company. In 2021, Messrs. Downes, Donaghy, and Ms. Campos were employees of the Company and did not receive additional compensation for their Board service. Each independent director currently receives an annual cash retainer of $85,000. In light of the workload and broad responsibilities of their positions, the Chairs of our Board committees each receive an additional annual cash retainer of $15,000. The independent directors are also entitled to receive discretionary grants of non-qualified stock options. In 2021, Messrs. Downes, Donaghy, and Ms. Campos were employees of the Company and did not receive additional compensation for their Board service. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021. The table below summarizes the compensation paid to our independent directors for the fiscal year ended December 31, 2021.
2023-04-28	Sean P. Downes became Executive Chairman in July 2019. Prior to being the Executive Chairman, Mr. Downes was Chairman of the Board of Directors and Chief Executive Officer of the Company from 2013 to July 2019. Mr. Downes also served as President of the Company from 2013 to March 2016. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since 2005 and Chief Operating Officer of UPCIC, a wholly-owned subsidiary of the Company, since 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Alder Adjusting Corporation (formerly Universal Adjusting Corporation), a wholly-owned subsidiary of the Company, from 1999 to 2003. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings to the Board a broad understanding of the strategic priorities and operational demands facing the Company.
2024-04-26	Sean P. Downes became Executive Chairman in 2019. Prior to being the Executive Chairman, Mr. Downes was Chairman of the Board of Directors and Chief Executive Officer of the Company from 2013 to 2019. Mr. Downes also served as President of the Company from 2013 to 2016. Prior to becoming President and Chief Executive Officer, Mr. Downes served as Senior Vice President and Chief Operating Officer of the Company since 2005 and Chief Operating Officer of UPCIC, a wholly-owned subsidiary of the Company, since 2003. Mr. Downes has served as a director of the Company since 2005 and as a director of UPCIC since 2003. Prior to joining UPCIC, Mr. Downes was Chief Operating Officer of Alder Adjusting Corporation (formerly Universal Adjusting Corporation), a wholly-owned subsidiary of the Company, from 1999 to 2003. As an experienced financial and operational leader within the insurance industry, Mr. Downes brings to the Board a broad understanding of the strategic priorities and operational demands facing the Company.