BMS Capital Advisory Facilitates Capital Raise by United Insurance Holdings Corp.

BMS Capital Advisory, Inc. (“BMS CA”) announces the successful completion of a $30.0m private placement of senior notes issued by United Insurance Holdings Corp. (NASDAQ: UIHC) (“UPC Insurance”) to funds managed by Twelve Capital Group, AG (“Twelve Capital”) an independent investment manager specializing in insurance investments across different asset classes.

Working proactively in the (re)insurance marketplace, BMS CA has quickly built a practice of identifying strategic capital needs from issuers, and originating effectively-priced solutions from diverse sources: traditional reinsurers, collateralized markets, ILS managers, and other institutional investors.

Romulo Braga, CEO of BMS CA, commented:

“We are pleased to have facilitated this successful issuance between a company primarily focused on financial stability for its policyholders and a dynamic source of capital, actively working to respond to the demands of the marketplace and providing flexible capital solutions.”

John Butler, Head of Investment Management at Twelve Capital added that

“Our Private Debt offering supports insurance companies in their quest to grow, strengthen and establish a more efficient capital base, and we are proud that UPC Insurance and BMS have chosen us as their partner for this transaction.”

He added,

“There is substantial potential for debt solutions for small- and mid-cap insurers, and this transaction is a prime example of the types of financing capacity that can be provided by Twelve Capital.”

The proceeds of the offering will primarily be used by UPC Insurance for general corporate purpose and to support the Company’s growth.

BMS CA is a broker-dealer registered with the SEC and a member of FINRA (www.finra.org) and SIPC (www.sipc.org).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.