Reinsurance News

Homeowners Choice

HCI subsidiaries assume approximately $200m of in-force premium from Citizens

24th October 2024

Florida-domiciled insurtech, HCI Group, Inc.’s insurance subsidiaries have successfully assumed over 42,000 policies totalling approximately $200 million of in-force premium from Florida’s state-backed insurance company, Citizens Property Insurance Corporation. HCI confirms the assumption of policies by the two insurance subsidiaries became effective on October 22nd, 2024. HCI's subsidiary, Homeowners Choice Property & ... Read the full article

HCI Group subsidiary assumes more than 53,000 policies from Florida Citizens

22nd November 2023

The largest subsidiary of HCI Group, Inc., Homeowners Choice Property & Casualty Insurance Company, has successfully assumed approximately 53,750 policies from Citizens Property Insurance Corporation, Florida's state-backed insurer. These assumed policies total roughly $196 million of in-force premium. The assumption is effective from November 21st, 2023, and is based upon an approval ... Read the full article

HCI expands coverage for TypTap & Homeowners Choice at June renewal

2nd June 2023

Florida-based insurtech HCI Group has increased the reinsurance coverage for both its TypTap and Homeowners Choice subsidiaries at the June renewal. HCI has secured two reinsurance towers for its two insurance subsidiaries by entering into contracts with multiple private reinsurance companies and with the State Board of Administration of Florida, which ... Read the full article

HCI grows TypTap reinsurance program at renewal

17th June 2022

Florida-based insurtech HCI Group has laid out details of the reinsurance programs it secured for its insurance subsidiaries at the June renewals this year, which include significantly expanded coverage for TypTap Insurance Company (TypTap). The 2022-2023 TypTap reinsurance program provides coverage up to $637.3 million for catastrophic losses in a single ... Read the full article

HCI details 2021 reinsurance plan for Homeowners Choice & TypTap

19th July 2021

Florida-based insurtech HCI Group has detailed the 2021 reinsurance coverage that it has secured for its two insurance subsidiaries, Homeowners Choice Property & Casualty Insurance Company, Inc. (Homeowners Choice) and TypTap Insurance Company (TypTap). The 2021-2022 Homeowners Choice Florida reinsurance program provides coverage up to $967.6 million for catastrophic losses in ... Read the full article

HCI’s Homeowners Choice agrees policy replacement deal with Anchor

17th February 2020

Homeowners Choice Property & Casualty Insurance Company, Inc., a subsidiary of HCI Group, Inc., has entered into a definitive policy replacement agreement with Anchor Property & Casualty Insurance Company. It was announced in mid-January that Homeowners Choice was to acquire the insurance policies of Florida-based Anchor for an undisclosed purchase ... Read the full article

HCI secures 2017 reinsurance programme

2nd June 2017

HCI Group's insurance Subsidiary, Homeowners Choice Property & Casualty Insurance Company (Homeowners Choice), has completed its reinsurance placement for the 2017-2018 year, announcing a comprehensive programme that provides cover against hurricanes and other catastrophic losses up to $968 million for a first event. The first event element of the programme covers a probable ... Read the full article