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Universal Insurance sells common shares to RenaissanceRe

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Universal Insurance sells common shares to RenaissanceRe

Universal InsuranceHoldings Inc. has sold common shares to RenaissanceRe Holdings Ltd. in a private placement.

Universal Insurance sold to RenaissanceRe 583,771 common sharesfor $17.13 per share for total consideration of $10 million. The price per sharewas Universal Insurance's closing common stock price April 26.