U.S.I. Holdings Corporation Announces the Webcast of Its Annual Shareholders Meeting

Business Wire, May 13, 2004

Business Editors

BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--May 13, 2004

U.S.I. Holdings Corporation ("USI") (NASDAQ:USIH) today announced that it will webcast its Annual Shareholders Meeting to be held on Friday, May 21, 2004 at 1:00 p.m. EDT in Briarcliff Manor, New York. David L. Eslick, USI's Chairman, President, and CEO, and the USI Board of Directors will host the meeting.

Investors and all other interested parties are invited to listen to the live audio webcast. To access the webcast, please visit USI's website at www.usi.biz on that day and follow the link. For those unable to access the webcast live, it will be archived on USI's website.

This press release and the webcast herein described may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "will" or words of similar meaning and include, but are not limited to, statements about USI's strategic, operational and financial goals and objectives. These statements are based on management's current expectations and are inherently subject to uncertainties and changes in circumstances. Detailed information about the factors that could cause actual results to differ materially from those described in the forward-looking statements is contained in USI's filings with the SEC. All forward-looking statements included in this press release and the webcast herein described are made only as of the date of this press release, and USI does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which USI hereafter becomes aware.

About U.S.I. Holdings Corporation

Founded in 1994, USI is a leading distributor of insurance and financial products and services to businesses throughout the United States. USI is headquartered in Briarcliff Manor, NY, and operates out of 70 offices in 19 states. Additional information about USI may be found at www.usi.biz.