HCI Group, Inc. Streamlines Operations to Enhance Strategic Alignment
HCI Group, Inc., a leading holding company in the property and casualty insurance sector, has unveiled a refined organizational framework aimed at better aligning with its long-term business objectives. The company will now operate through two distinct units, each with its own dedicated management team and clearly defined operational goals.
Paresh Patel, HCI’s Chairman and Chief Executive Officer, stated, “Each operating unit is financially robust, and we believe this restructured framework will enable both units to pursue their growth and profitability targets more effectively.” He added, “Our technology has consistently delivered solid underwriting results, and we are confident that this streamlined organizational structure will unlock additional growth opportunities.”
HCI Group’s revamped structure consists of two primary operating units. The first unit comprises its 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, HCI’s claims management division; Claddaugh, the company’s wholly owned reinsurer; and Greenleaf Capital, its real estate division.
The second unit is centered on HCI’s advanced technology platform, supported by the company’s technology and data analytics teams. This unit is dedicated to developing comprehensive 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.
