HCI Group, Inc., a holding company primarily focused on property and casualty insurance, has announced a refined organisational structure designed to better align with its long-term strategic goals.
The company will now operate through two distinct units, each with its own dedicated management team and clear operational objectives.
“Each operating unit is financially strong, and we believe this new structure will enable both to pursue their growth and profitability objectives more effectively,” added Paresh Patel, HCI’s Chairman and Chief Executive Officer.
“Our technology has a proven track record of delivering solid underwriting results and we believe this streamlined organisational structure will unlock additional growth opportunities.”
HCI Group’s new structure consists of two distinct operating units. The first unit encompasses its four insurance companies: Homeowners Choice Property & Casualty Insurance Company, TypTap Insurance Company, Condo Owners Reciprocal Exchange, and Tailrow Insurance Exchange.
It also includes Griston, HCI’s claims management division; Claddaugh, the company’s wholly owned reinsurer; and Greenleaf Capital, its real estate division.
The second unit is centred on HCI’s advanced technology platform, backed by the company’s technology and data analytics teams.
This unit is dedicated to developing end-to-end technology solutions for the property and casualty insurance industry. Previously known as TypTap Insurance Group, it has been rebranded as Exzeo Group Inc., a name that better reflects its technology-driven focus.
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