Insurer to add $90M in premiums via acquisition

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.

HCI Group, headquartered in Tampa, is an insurance holding company that specializes in homeowners’ insurance, IT services, reinsurance and real estate. It’s the parent company of TypTap Insurance Co., an insurtech startup.