Insurer to add $90M in premiums via acquisition

Tampa-based HCI Group Inc. has agreed to buy United Insurance Holdings’ lines of business in three states.

  • By Business Observer Staff
  • | 10:19 a.m. December 21, 2021
HCI Group Chairman and CEO Paresh Patel, left, and President Kevin Mitchell.
HCI Group Chairman and CEO Paresh Patel, left, and President Kevin Mitchell.
Courtesy image
  • Tampa Bay-Lakeland
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TAMPA — HCI Group Inc. (NYSE:HCI) has reached an agreement to acquire the personal lines insurance business of United Insurance Holdings Corp. in Georgia, North Carolina and South Carolina, adding some $90 million in annual premiums to its portfolio.

 

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