Trending...
- Singer Marlon Croasdaile And Stellar Award Nominee Songwriter Dr. Andre Golliday Are Impacting YouTube Viewers - 131
- Timesaving Qweeni Cap Puts Busy Women Back in Control
- Legacy Gospel Series Project - New Previously Unreleased Recordings
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it has completed definitive agreements and closed its transaction with HCI Group, Inc. (NYSE: HCI) (HCI) previously announced on December 17, 2020. The transaction transfers renewal rights on UPC's personal lines business in four Northeast states of Connecticut, New Jersey, Massachusetts, and Rhode Island to HCI on terms substantially similar to those disclosed previously.
"Completion of this transaction supports our efforts to reduce operating leverage, improve risk-based capital adequacy and focus on growing our specialty commercial property business," said Brad Martz, President & Chief Financial Officer of UPC Insurance.
More on The Floridant
About UPC Insurance
Founded in 1999, UPC Insurance is an insurance holding company that sources, writes and services personal and commercial residential property and casualty insurance policies using a group of wholly owned insurance subsidiaries through a variety of distribution channels. The Company currently writes policies in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina and Texas. From its headquarters in St. Petersburg, UPC Insurance's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.
"Completion of this transaction supports our efforts to reduce operating leverage, improve risk-based capital adequacy and focus on growing our specialty commercial property business," said Brad Martz, President & Chief Financial Officer of UPC Insurance.
More on The Floridant
- Bluegreen Vacations Corporation to Issue Financial Results for the Fourth Quarter and Year-End 2020 on March 1, 2021
- Pastor Tracy S. Williams Talks Sex and Relationships in Her Debut Book: THE GARDEN EXPERIENCE AN ABSTINENCE HANDBOOK FOR GIRLS
- Sugaring: The Green Juice of Hair Removal
- Governor Ron DeSantis Announces More Than $4.6 Million in Rural Infrastructure Awards to 12 Communities in Northwest Florida Impacted by Hurricane Michael
- Pennexx's Your Social Offers Has Joined Affiliate Networks
About UPC Insurance
Founded in 1999, UPC Insurance is an insurance holding company that sources, writes and services personal and commercial residential property and casualty insurance policies using a group of wholly owned insurance subsidiaries through a variety of distribution channels. The Company currently writes policies in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina and Texas. From its headquarters in St. Petersburg, UPC Insurance's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.
Filed Under: Business
0 Comments
Latest on The Floridant
- Above Board Chamber "assisting" businesses to become more productive
- Jacksonville: James Weldon Johnson Park Announces Cajun Fest with Flow Tribe
- Citrix Executives to Present at Upcoming Investor Conferences
- Florida: IN CASE YOU MISSED IT: Governor Ron DeSantis Announces Additional COVID-19 Vaccination Site in Fort Pierce
- Benchmark International Facilitated the Transaction of Greentex Landscaping to Zodega Landscape Svcs
- Hydrobuilder Holdings Acquires Elevated Equipment Supply
- Associates and Bruce L. Scheiner names Jacquelyn D. McMiller to Community Service position
- Sandline Global Fortifies World-Class Executive Team: Glenn Hopper Joins as Chief Financial Officer
- Florida: Governor Ron DeSantis Announces Six Additional COVID-19 Vaccination Sites in Underserved Communities
- Trust a Leader in Online School: Enrollment Now Open at Digital Academy of Florida
- Apellix Launches Apellix NDT a Field Services Company Featuring the Apellix Opus X4 Aerial Robotics
- Syxsense Announces Integration with Microsoft Office 365
- Launch of Trace One E-Sourcing Will Boost Retailers' Private Label Speed to Market
- The GEO Group, Inc. Announces Exercise in Full of Initial Purchasers' Over-Allotment Option and Closing of Private Offering of 6.50% Exchangeable Senior Notes Due 2026 by Its Subsidiary, GEO Corrections Holdings, Inc.
- Mental Bootcamp: Kicking the Sugar Habit
- Mounts Botanical Garden Congratulates Two Valuable Team Members
- New Video Streaming Startup, Relax Scenes, Launches Indiegogo Campaign to Support Their Expansion
- Kelly Presented "Condemnation Blight Damages in Florida" to Florida Bar Local Gov Law Section
- Cell Science Systems Reports Weight Loss Study Findings
- Henderson Franklin Welcomes Return of Healthcare Lawyer Tom Clark