Tailrow Reciprocal Exchange, an HCI Group Sponsored Insurer, Assumes Just Under 14,000 Policies from Citizens, Representing Approximately $35 Million in Premium
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HCI Group's sponsored insurer, Tailrow Insurance Exchange, has assumed nearly 14,000 policies from Citizens Property Insurance Corporation, representing about $35 million in premiums.
February 24, 2025 | 9:45 pm
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HCI Group's Tailrow Insurance Exchange has taken over nearly 14,000 policies from Citizens Property Insurance, adding approximately $35 million in premiums. This move could enhance HCI's revenue and market position in the insurance sector.
The assumption of policies from Citizens Property Insurance Corporation by Tailrow Insurance Exchange, a subsidiary of HCI Group, is likely to increase HCI's revenue base by approximately $35 million. This strategic move enhances HCI's market presence and could positively impact its stock price in the short term.
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