HCI Group, Inc. Unveils Streamlined Structure to Boost Strategic Alignment
HCI Group, Inc., a prominent holding entity with a primary focus on property and casualty insurance, has declared a restructured organizational framework. This new design is intended to better synchronize with its long-term strategic aspirations.
Under the revised organization, the company will function through two distinct units, each managed by dedicated teams and equipped with explicit operational targets.
Financial Strength and Growth Potential
According to Paresh Patel, Chairman and Chief Executive Officer of HCI, “Each operating unit is financially robust, and we believe this refined structure will empower both units to more effectively pursue their growth and profitability goals.” He further emphasized, “Our technology has consistently delivered solid underwriting outcomes, and we are confident that this streamlined organizational framework will unlock further growth avenues.”
Two Distinct Operating Units
HCI Group’s reorganization consists of two specialized operational units. The first unit integrates 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 focuses on HCI’s sophisticated technology platform, supported by the company’s technology and data analytics teams. This unit is committed to developing comprehensive technology solutions tailored for the property and casualty insurance sector. Previously known as TypTap Insurance Group, it has been rebranded as Exzeo Group Inc., a name that more accurately reflects its technology-centric mission.
