UPC Insurance was founded in 1999 in Florida, and has operated successfully ever since. During its history, UPC has paid nearly $2.5 billion in total claims while maintaining consistent profitability and growing financial strength. From $5 million of capital at its inception, the company has grown today to $535 million of equity capital and over $1 billion of in-force premium in 12 states. UPC is a public company listed on NASDAQ (UIHC). UPC’s focus has always been on providing world-class insurance products and services and Keeping the Promise to its agents and policyholders in everything it does.
John Forney, Chief Executive Officer, UPC Insurance
John Forney has served as Chief Executive Officer of UPC Insurance and a member of the UPC Board of Directors since June of 2012. He assumed the additional role of President the following year. From 2002 until he joined UPC Insurance, Mr. Forney served in a number of different capacities at Raymond James (NYSE: RJF), a financial services holding company based in St. Petersburg, FL. He last served there as managing director in Raymond James’ public finance department, where he managed the department and led the firm’s investment banking efforts in catastrophe insurance financing. In that role, he developed special expertise in the property insurance sector through his work with government-sponsored insurance entities in Florida, Texas, North Carolina, Louisiana, and California. He has been a frequent speaker at insurance industry conferences and has testified on insurance industry issues for legislatures in several states. Mr. Forney received a B.A. in Economics from Princeton University and an M.B.A. in finance from the Wharton School at the University of Pennsylvania. He is a former U.S. Army infantry officer and a graduate of the army’s most challenging course for combat leaders. He also holds the Chartered Financial Analyst designation.