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Heritage CEO says hurricane Irma gross loss closing on $800m

Florida headquartered, nationally expanding U.S. property casualty insurer Heritage Insurance Holdings, Inc.has estimated that its gross losses from last year's hurricane Irma now stand at up to $800 million, suggesting greater impacts to the firms Citrus Re catastrophe bonds.Initially after hurricane Irma, Heritage had reported a gross loss from the read the full article →

Heritage sees mid-year reinsurance renewal quotes at flat rates

Florida headquartered property and casualty insurer Heritage Insurance Holdings, Inc. said it has received quotes for its mid-year reinsurance renewals at flat rate levels, compared with a year ago, as markets show an appreciation for its low loss adjustment expenses and multi-year program that is already in place.Speaking during the read the full article →

Heritage soon to operate in 12 states, as NBIC acquisition approved

Heritage Insurance Holdings, Inc., a key cedant for the alternative reinsurance and insurance-linked securities (ILS) market, will soon be operating out of twelve U.S states, having received approval for its acquisition of Narragansett Bay Insurance Company (NBIC).Heritage began the process of acquiring specialty home insurer NBIC's parent NBIC Holdings, Inc. read the full article →

Heritage expansion continues with U.S. northeast acquisition

Heritage Insurance Holdings, Inc. is continuing its expansion with a foray into the U.S. northeastern states of New York, New Jersey, Connecticut, Rhode Island and Massachusetts thanks to the acquisition of Narragansett Bay Insurance Company (NBIC), a specialty homeowners insurer.Just in the last week Heritage announced that its Heritage Property read the full article →