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HCI renews $2 7bn of reinsurance limit, considers buying more for wind season

HCI Group Inc. has secured $2.7 billion in aggregate reinsurance limit for its main P&C insurance underwriting subsidiary Homeowners Choice

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HCI estimates gross Ian losses at $970mn as CoR spikes 65 points to 177 6%

The company is confident it has sufficient additional reinsurance capacity should claims begin to develop outside of initial expectations.

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