Homeowners Choice president retires

TAMPA — The former head of Citizens Property Insurance Corp. who jumped to the private sector nearly three years ago in Tampa, is retiring.

Scott Wallace will step down as president of Homeowners Choice Property & Casualty Insurance Co., a division of HCI Group Inc. Wallace will retire in May after 37 years in the insurance industry, according to a release.

Paresh Patel, HCI Group's chairman and CEO, will retake the reigns of the company he was president of in the two years leading up to Wallace's appointment.