HCI Group announces streamlined organizational structure

HCI Group (HCI) announced a streamlined organizational structure to better align the long-term potential of the company. HCI will be organized into two distinct operating units, with each unit having defined management teams and operational objectives. The company’s first operating unit comprises four insurance companies: Homeowners Choice Property & Casualty Insurance Company, TypTap Insurance Company, Condo Owners Reciprocal Exchange, and Tailrow Insurance Exchange. Additionally, this unit includes Griston, HCI’s claims management division; Claddaugh, HCI’s wholly owned reinsurer; and Greenleaf Capital, HCI’s real estate division. The second operating unit includes our market-leading technology platform, supported by the company’s technology and data analytics teams. This unit will focus on being a leading innovator of end-to-end technology powered solutions for the property and casualty insurance industry. Formerly known as TypTap Insurance Group this unit is now called Exzeo Group Inc., which HCI believes better reflects the unit’s technology focus.