Hci group to acquire insurance business in three southeast states from united insurance holdings corp.

Tampa, fla., dec. 16, 2021 (globe newswire) -- hci group, inc. (nyse:hci), a holding company with operations in homeowners insurance, information technology services, reinsurance and real estate, has reached an agreement in principle with united insurance holdings corp. (nasdaq: uihc) to transition all of united's personal lines insurance business in the states of georgia, north carolina, and south carolina to hci. the business to be transitioned represents approximately $90 million of annual premiums.
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