HCI Group, Inc. subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million. TypTap is an InsurTech company. Its rapidly growing, technology driven… Continue reading Homeowners & Flood InsurTech Company TypTap Raises $100 Million
Tag: HCI Group
HCI Group Insurance to Acquire P&C Policies from Florida-based Anchor
HCI Group, Inc. announced today that its wholly-owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has reached a preliminary agreement to acquire all the insurance policies of Anchor Property & Casualty Insurance Company. Anchor is a Florida-based provider of homeowners insurance. According to reports filed with insurance regulators, at June 30, 2019… Continue reading HCI Group Insurance to Acquire P&C Policies from Florida-based Anchor