U.S.I. Holdings Corp. Announces Senior Vice President - Business Transformation

Business Wire, April 27, 2005

BRIARCLIFF MANOR, N.Y. -- U.S.I. Holdings Corporation ("USI") (Nasdaq: USIH) today announced the appointment of C. Jeff Pan as Senior Vice President - Business Transformation of the company. Mr. Pan is responsible for transforming the company's business processes from a decentralized, distributed model for information technology, accounting and administrative services to a more streamlined efficient model. In addition, serving as Chief Information Officer, this appointment will enhance USI's current focus on the delivery of technology enabled, fully integrated delivery of insurance and financial services. Mr. Pan will be based in USI's Dallas operation and will report to Mr. Robert S. Schneider, Executive Vice President & Chief Financial Officer.

Mr. Pan joined USI in February through the closing of the Summit Global Partners (SGP) acquisition. He joined SGP in 1997 as its executive vice president and chief financial officer, and was elected as its president in 2003. Prior to SGP, Mr. Pan held various positions with the Gerald J. Ford interests and served as senior vice president directing, among other things, process improvements at of the California Federal Bank. Mr. Pan's experience also includes senior positions at Diamond A - Ford Corporation, United National Bank, Ford Capital, Ltd. and First Gibraltar Bank. Beginning his career at MBank Dallas, he has a BS from Carnegie-Melon University and an MBA from the University of Chicago.

Commenting on the appointment, Mr. Schneider said, "Jeff's experience in process improvements and information technology at financial services companies in unparalleled. This experience will enable USI to better deliver on our commitment to offer national resources to our clients locally and continue to ensure that we consistently deliver unparalleled results. His leadership experience will benefit USI greatly, both as we focus on our business plan in 2005 and as we continue to work diligently on the integration of our newly acquired SGP partners. The management team and I are pleased to welcome someone with Jeff's background and reputation the USI team."

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 78 offices in 20 states.