AMENDMENT TO
                    EMPLOYMENT AGREEMENT OF BRADLEY I. MEIER


     THIS  AMENDMENT is made and entered into this 21st day of March,  2007,  by
and between Universal Insurance Holdings,  Inc. ("Company") and Bradley I. Meier
("Executive").

     WHEREAS,  the  Company  and  Executive  have  entered  into  an  Employment
Agreement dated as of August 11, 1999, and the following  Addendum thereto:  (i)
Addendum No. 3 dated May 4, 2001,  (ii)  Addendum No. 4 dated  January 28, 2002,
(iii)  Addendum No. 5 dated June 27, 2002,  and (iv) Addendum No. 6 effective as
of December 31, 2003 (collectively, the "Agreement").

     WHEREAS,  capitalized  terms not defined herein shall have the meanings set
forth in the Agreement.

     WHEREAS,  the Company and Executive desire to modify certain  provisions of
the Agreement.

     NOW, THEREFORE, the parties hereto intending to be legally bound hereby and
upon  receipt of other  valuable  consideration,  the receipt of which is hereby
acknowledged, do hereby agree as follows:

     1.   Section  6(b)  of the  Agreement  is  hereby  amended  to  read in its
entirety as follows:

     "ANNUAL BONUS
      ------------

     Employee  shall  receive an annual  bonus of three (3%) percent of the
     Company's pre-tax income up to five million dollars ($5,000,000),  and
     four (4%) percent of the  Company's  pre-tax  income over five million
     dollars  ($5,000,000),  which  shall be computed as at December 31 for
     each fiscal year  commencing  with the fiscal year ending December 31,
     1999;  PROVIDED,  HOWEVER,  that in no event  shall  any bonus due and
     owing under this Section 6(b) be paid to Executive later than December
     31 of the year  following  the year in which it was earned;  PROVIDED,
     FURTHER,  that the payment any bonus  pursuant  to this  Section  6(b)
     shall be  contingent  upon the  Company's  shareholders  approving the
     bonus formula described in this Section 6(b), and should the Company's
     shareholders  fail to  approve  the bonus  formula  described  in this
     Section  6(b),  Executive  shall  forfeit  his  right  to  such  bonus
     compensation under this Section 6(b)."

     2.   Except as expressly  amended  herein,  the terms and conditions of the
Agreement are hereby ratified and affirmed.



     WITNESS the due execution hereof as of the date first above written.


                                     UNIVERSAL INSURANCE HOLDINGS, INC.


                                     By:  /s/ James M. Lynch
                                        ----------------------------------------

                                     Title:   Vice President
                                           -------------------------------------




                                     /s/ Bradley I . Meier
                                     -------------------------------------------
                                     Bradley I. Meier

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