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: TypTap
TypTap Insurance Company Launches Phase One of Nationwide Expansion
TypTap Insurance Company, a rapidly growing, technology-driven insurance company and a subsidiary of HCI Group, Inc., has launched Phase One of its planned nationwide expansion, which the company first announced in early August. According to the company, Phase One involves applying to state insurance regulators to write homeowners insurance in 20 states outside of Florida:… Continue reading TypTap Insurance Company Launches Phase One of Nationwide Expansion