HCI Group
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Executives have said that the carrier’s conservative reinsurance program made losses sustainable. -
The CEO said his company is in good shape despite the landfall of three storms this year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The policies assumed represent $200mn of in-force premium.
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HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
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Shares gained after Hurricane Milton did less damage than anticipated.
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Milton threatens to make landfall in Florida shortly after Helene.
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Subsidiaries Core and Typtap have applied to participate in the November Citizens policies assumption.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Floridian secured $2.7bn in aggregate limit across two towers.
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The loss ratio in the business that HCI assumed was also better than anticipated.
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The Insurance Insider US news team runs you through the earnings results for the day.
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