USI Holdings Corporation Schedules Third Quarter 2006 Conference Call for November 10, 2006 and Tentatively Schedules Investor Day for December 6.

BRIARCLIFF MANOR, N.Y. -- USI Holdings Corporation (Nasdaq: USIH) today announced that it will release third quarter 2006 earnings on Thursday, November 9, 2006 after the close of the market. A printer friendly format of the press release will be available on the company's website at that time.

The company will hold a conference call and audio webcast to review the results at 8:30 AM (EST) on the following day, Friday, November 10, 2006. To access the audio webcast, please visit USI's website at www.usi.biz on November 10, 2006 and follow the link. To access the conference call, dial toll-free 800-299-8538 or 617-786-2902 for international callers and use passcode 11615884, five minutes before the teleconference. A replay of the conference call will be available on the Investor Relations section of the USI website (www.usi.biz) or by dialing 888-286-8010 and using access code 94065641.

The company has tentatively scheduled an Investor Day for Wednesday, December 6, 2006 from 1:00 to 5:00 PM at its Corporate Headquarters in Briarcliff Manor, NY. Invitations are scheduled to be sent via email in late October, if you have immediate questions, please contact Maria Slippen at 914-749-8511.

The event will be broadcast live on USI's website for investors and other interested parties unable to attend in person. To access the audio, please visit USI's website on December 6, 2006 and follow the link. To access the audio conference call, dial toll-free 800-706-7745 or 617-614-3472 for international callers, and use pass code 80421025. Please dial in at least five minutes before the teleconference. A replay of the conference call will be available on the Investor Relations section of the USI website (www.usi.biz).

Statements made during this conference call, as well as responses to questions asked during the Question and Answer portion relating to future results, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning are based on management's current expectations and are inherently subject to uncertainties and changes in circumstances. Detailed information about the factors that could cause actual results to differ materially from those described in the forward-looking statements is contained in USI's filings with the SEC. All forward-looking statements included in the conference call are made only as of the date of the call, and USI does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which USI hereafter becomes aware.

About USI 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 68 offices in 19 states.