HCI Group, Inc. Executes an Amendment to $65,000,000 Revolving Credit Facility from Fifth Third Bank
January 29, 2021 at 03:01 am IST
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On January 22, 2021, HCI Group, Inc. executed an amendment to $65,000,000 revolving credit facility from Fifth Third Bank. The amendment extends the term of the credit facility until December 31, 2023 and adds new collateral in lieu of headquarters property which it sold in 2020.
HCI Group, Inc. is engaged in property and casualty insurance, information technology services, insurance management, real estate and reinsurance. The Companyâs segments include HCPCI insurance operations, TypTap Group, real estate operations, and corporate and other. HCPCI insurance operations segment includes property and casualty insurance, which provides various forms of residential insurance products such as homeowners insurance, fire insurance, flood insurance and wind-only insurance to homeowners, condominium owners and tenants, and reinsurance and other auxiliary operations, which operates through its subsidiary, Claddaugh Casualty Insurance Company Ltd. TypTap Group segment is engaged in the property and casualty insurance business, focusing on standalone flood and homeowners multi-peril policies, and is uses internally developed technology to collect and analyze claims and other supplemental data to generate savings and efficiency for its insurance operations.
HCI GROUP, INC. 
