Flood insurance firm receives $100 million capital infusion

HCI Group subsidiary will use Centerbridge Partners’ funds to expand nationally.

  • By Business Observer Staff
  • | 11:20 a.m. March 1, 2021
FIle. TypTap’s CEO Paresh Patel.
FIle. TypTap’s CEO Paresh Patel.
  • Tampa Bay-Lakeland
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TAMPA — TypTap Insurance Group Inc. has announced that a New York-based investment firm has injected $100 million, or roughly 11.75% of its value, into the homeowners and flood insurer.

 

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