Brief: HCI Group To Acquire Insurance Business In Three Southeast States

HCI

16/12/2021 22:33

Dec 16 (Reuters) - Hci Group Inc  HCI.N :
    * HCI GROUP TO ACQUIRE INSURANCE BUSINESS IN THREE SOUTHEAST
STATES FROM UNITED INSURANCE HOLDINGS CORP.
    * HCI GROUP - AS PART OF TRANSACTION, HCI WILL PAY UNITED A
RENEWAL RIGHTS CEDING COMMISSION OF 6%, WITH A PORTION OF CEDING
COMMISSION PAID UP-FRONT
    * HCI GROUP - UNITED INSURANCE TO TRANSITION ALL OF ITS
PERSONAL
LINES INSURANCE BUSINESS IN GEORGIA, NORTH CAROLINA, AND SOUTH
CAROLINA TO HCI
    * HCI GROUP INC - UNITED WILL AGREE NOT TO COMPETE WITH HCI
FOR
ISSUANCE OF PERSONAL LINES FOR HOMEOWNERS BUSINESS IN THREE
STATES UNTIL JULY 1, 2025

Source text for Eikon:  ID:nGNX5hgZ6D 
Further company coverage:  HCI.N 

 ((Reuters.Briefs@thomsonreuters.com;))