HCI Group to be Organized Into Two Distinct Operating Units

MT Newswires Live

03/03

HCI Group (HCI) said Monday that it has streamlined its organizational structure into two distinct operating units, each with its own management team and objectives.

The company's first operating unit includes four insurance companies: Homeowners Choice Property & Casualty Insurance Company, TypTap Insurance Company, Condo Owners Reciprocal Exchange, and Tailrow Insurance Exchange. This unit also includes Griston, the company's claims management division; Claddaugh, its wholly owned reinsurer; and Greenleaf Capital, its real estate division.

The second operating unit includes the company's technology platform, which was formerly known as TypTap Insurance but is now known as Exzeo Group.

Shares of the company were up 1% in recent Monday premarket activity.

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