HCI Group
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HCI secured three towers with $3.5bn in XoL coverage. -
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
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The Insurance Insider US news team runs you through the earnings results for the day.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The policies represent approximately $35mn of in-force premium.
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Executives have said that the carrier’s conservative reinsurance program made losses sustainable.
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The CEO said his company is in good shape despite the landfall of three storms this year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The policies assumed represent $200mn of in-force premium.
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HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
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Shares gained after Hurricane Milton did less damage than anticipated.
Related
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Q2 earnings roundup August 8: ProAssurance, HCI, Hippo
August 08, 2024 -
HCI Group completes 2024 treaty reinsurance program
May 30, 2024