U.S.I. Holdings Corporation Announces New President of Northern California Operation

Business Wire, May 4, 2005

BRIARCLIFF MANOR, N.Y. -- U.S.I. Holdings Corporation ("USI") (Nasdaq: USIH) today announced the appointment of David E. Estrada as President of its Northern California operation. Through its Northern California operation, USI is a leading distributor of insurance and financial products and services in the West Coast region.

Mr. Estrada joins USI with 20 years of insurance brokerage experience including sales, sales management and recruiting. Most recently, he was a Vice President with MacCorkle Insurance Services and he served as a Vice President at Willis Insurance Services in San Jose, California. He began his career at Guardian Life Insurance Company of America.

Commenting on the appointment, David L. Eslick, Chairman, President & CEO of USI said, "David's depth of experience in operational best practices, new business development and team building will be an asset to USI as we continue our focus on organic revenue growth and margin expansion. The management team joins me in welcoming someone with David's experience and track-record to the USI team."

Kevin P. Mencarelli, President and Chief Executive Officer of USI's West Coast region added, "David's proven success in cross-selling, sales management and new business initiatives greatly complements the existing USI team. We look forward to David's involvement in the recruitment of producers, the continued execution of our acquisition strategy and the overall strengthening of USI's presence in Northern California. His experience will enable USI to continue the consistent delivery of national resources to our local team. I am pleased that David will join USI."

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 80 offices in 18 states.