HCI

HUMAN CAPABILITY INITIATIVE CONVENES POWERHOUSE LINE-UP OF SPEAKERS FOR EXPERT-LED PLATFORM IN RIYADH

Retrieved on: 
Wednesday, January 31, 2024
University of Tokyo, Education, University, MENA, OECD, Human development, HCD, Region, HSBC, EVP, Crown prince, Social media, World Bank, HCI, World Bank Group, Private sector, UNESCO, Innovation, HRH, Conference, Management

150+ prominent speakers encompassing government officials, business & education leaders, entrepreneurs and experts will convene in Riyadh for the Human Capability Initiative

Key Points: 
  • 150+ prominent speakers encompassing government officials, business & education leaders, entrepreneurs and experts will convene in Riyadh for the Human Capability Initiative
    The breadth of high-level speakers and 6000+ global attendees demonstrate the collective impetus to unleash human capabilities potential through fostering intellectual dialogue in Riyadh.
  • RIYADH, Saudi Arabia, Jan. 31, 2024 /PRNewswire/ -- The Human Capability Initiative (HCI) is thrilled to announce key speakers for its forthcoming event taking place from the 28th – 29th February, 2024.
  • Bringing together luminaries from diverse sectors and backgrounds, these eminent industry leaders and experts will spearhead dynamic discussions centred around Human Capability Development (HCD) to prepare individuals for the challenges and opportunities of the future.
  • HCI's speaker line-up showcases the collective impetus across sectors to contribute to a sustainable global agenda that pioneers solutions for human capability development.

HUMAN CAPABILITY INITIATIVE CONVENES POWERHOUSE LINE-UP OF SPEAKERS FOR EXPERT-LED PLATFORM IN RIYADH

Retrieved on: 
Wednesday, January 31, 2024
University of Tokyo, Education, University, MENA, OECD, Human development, HCD, Region, HSBC, EVP, Crown prince, Social media, World Bank, HCI, World Bank Group, Private sector, UNESCO, Innovation, HRH, Conference, Management

150+ prominent speakers encompassing government officials, business & education leaders, entrepreneurs and experts will convene in Riyadh for the Human Capability Initiative

Key Points: 
  • 150+ prominent speakers encompassing government officials, business & education leaders, entrepreneurs and experts will convene in Riyadh for the Human Capability Initiative
    The breadth of high-level speakers and 6000+ global attendees demonstrate the collective impetus to unleash human capabilities potential through fostering intellectual dialogue in Riyadh.
  • RIYADH, Saudi Arabia, Jan. 31, 2024 /PRNewswire/ -- The Human Capability Initiative (HCI) is thrilled to announce key speakers for its forthcoming event taking place from the 28th – 29th February, 2024.
  • Bringing together luminaries from diverse sectors and backgrounds, these eminent industry leaders and experts will spearhead dynamic discussions centred around Human Capability Development (HCD) to prepare individuals for the challenges and opportunities of the future.
  • HCI's speaker line-up showcases the collective impetus across sectors to contribute to a sustainable global agenda that pioneers solutions for human capability development.

HCI Group Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, January 25, 2024
HCI

TAMPA, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share.

Key Points: 
  • TAMPA, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share.
  • The dividend is scheduled to be paid March 15, 2024 to shareholders of record at the close of business February 16, 2024.

HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities

Retrieved on: 
Monday, January 22, 2024
Hand, Peachtree Street, ATM, Gateway Group, Centerbridge Partners, Fifth Third Bank, Prospectus, Form, EDGAR, Sale, Form S-3, HCI, Attention, Telephone, Shelf registration, Interest, File, Security (finance)

TypTap has also redeemed all of the TypTap Series A Preferred Stock held by Centerbridge -- more than one year before Centerbridge’s optional February 26, 2025 redemption date. The redemption totaled approximately $100 million plus accrued and unpaid dividends of approximately $2.9 million. The redemption results in the elimination of any future dividends that would have otherwise accrued on the preferred shares, including dividends at the increased dividend rate of 9.5% that would have commenced in February 2024. The redemption is being funded with cash on hand, as well as approximately $50 million from HCI’s existing credit facility with Fifth Third Bank.

Key Points: 
  • TAMPA, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, along with its majority owned subsidiary, TypTap Insurance Group, Inc., announced today the undertaking of several strategic steps designed to increase operational and capital flexibility and to better position the company for future growth opportunities.
  • “We are taking steps to simplify our balance sheet and give us maximum flexibility to pursue attractive opportunities in the future,” said Paresh Patel, HCI’s chairman and chief executive officer.
  • HCI will recognize a one-time non-cash deemed dividend related to the warrant extension in the first quarter of 2024.
  • If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

Orphalan announces China NMPA’s approval of its trientine tetrahydrochloride product for the treatment of Wilson disease

Retrieved on: 
Thursday, January 18, 2024
Ageing, Patient, Long-term care, Disease, Wilson's disease, Liver, Triethylenetetramine, HCI, NMPA, DPA, Marketing, Brain, National Medical Products Administration, Diagnosis, Pharmaceutical industry

It offers a new treatment option for Wilson disease in children aged five years and older and adults intolerant to penicillamine therapy.

Key Points: 
  • It offers a new treatment option for Wilson disease in children aged five years and older and adults intolerant to penicillamine therapy.
  • China is home to an estimated 80,000 individuals with Wilson disease, of whom approximately half have their diagnosis confirmed, and 25,000 are receiving regular treatment.
  • Dr Naseem Amin, Chief Executive Officer at Orphalan, said: “We are pleased with the marketing authorisation approval of our trientine tetrahydrochloride product in China, which offers a well-tolerated and effective treatment option for patients with Wilson disease.
  • It is a significant step for those of us living with Wilson disease, representing a much-needed alternative treatment option.

HCI Group to Redeem 4.25% Convertible Senior Notes

Retrieved on: 
Wednesday, January 10, 2024
HCI, Debt-to-GDP ratio, Note

TAMPA, Fla., Jan. 10, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has notified holders of its 4.25% Convertible Senior Notes that it has elected to redeem the remaining $24 million principal balance of the Notes.

Key Points: 
  • TAMPA, Fla., Jan. 10, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has notified holders of its 4.25% Convertible Senior Notes that it has elected to redeem the remaining $24 million principal balance of the Notes.
  • As a result of this notice, the Notes became immediately convertible into HCI common shares.
  • The current conversion rate, which is subject to adjustment, is 16.5893 common shares per $1,000 principal amount of the Notes.
  • “HCI has taken several steps over the past few years to strengthen its balance sheet.

Shared Cloud Infrastructure Spending Driving Growth in Overall Enterprise Infrastructure Spending in the Third Quarter of 2023, According to IDC

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Data Management, Technology, Data Analytics, Consulting, Networks, Cloud, Checklist, IDC, Worldwide, Forecasting, Social media, GPU, Face, Tracker, ASPS, Government, MEA, CEE, International Data Group, HCI, Central and Eastern Europe, Growth

Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago.

Key Points: 
  • Spending on shared (public) cloud infrastructure reached $18.5 billion in the quarter, increasing 7.2% compared to a year ago.
  • The shared cloud infrastructure category continues capturing the largest share of spending compared to dedicated deployments and non-cloud spending, accounting for 45.9% of total infrastructure spending in 3Q23.
  • For 2023, IDC is forecasting cloud infrastructure spending to grow 9.7% compared to 2022 and totaling $100.6 billion for the year.
  • Shared cloud infrastructure spending will account for 70.5% of the total cloud spending in 2027, growing at a 11.1% CAGR and reaching $107.1 billion.

HCI Equity Partners Announces Two Promotions

Retrieved on: 
Thursday, January 11, 2024
HCI, B2B, HCI Equity Partners, Seattle Mariners, Investment, Jordan Company, Bank

WASHINGTON, Jan. 11, 2024 /PRNewswire/ -- HCI Equity Partners ("HCI"), a leading lower middle market private equity firm that focuses on partnering with founder-owned distribution, manufacturing and B2B service companies, announced today the promotions of Dave Venker to Principal, Portfolio Operations and Andrew Carraway to Principal.

Key Points: 
  • WASHINGTON, Jan. 11, 2024 /PRNewswire/ -- HCI Equity Partners ("HCI"), a leading lower middle market private equity firm that focuses on partnering with founder-owned distribution, manufacturing and B2B service companies, announced today the promotions of Dave Venker to Principal, Portfolio Operations and Andrew Carraway to Principal.
  • He brings a blend of experience in middle market private equity and operating roles in industrial businesses.
  • Andrew Carraway, Principal, joined HCI in 2015 and has played a central role in evaluating and executing HCI's investment mandate.
  • Prior to joining HCI, Mr. Carraway worked at Virginia Capital Partners, where he helped evaluate potential investments and actively supported portfolio company initiatives.

Condo Owners Reciprocal Exchange, an HCI Group Sponsored Insurer, Secures ‘A’, Exceptional Rating From Demotech

Retrieved on: 
Tuesday, January 2, 2024
Home insurance, Insurance, HCI

TAMPA, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that Condo Owners Reciprocal Exchange, an HCI-sponsored reciprocal insurer with plans to write commercial residential policies, secured a Financial Stability Rating of ‘A’, Exceptional, from Demotech.

Key Points: 
  • TAMPA, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that Condo Owners Reciprocal Exchange, an HCI-sponsored reciprocal insurer with plans to write commercial residential policies, secured a Financial Stability Rating of ‘A’, Exceptional, from Demotech.
  • “HCI has had a positive long-term relationship with Demotech that extends back over 15-years when Demotech initially provided a rating to HCI insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, before it launched operations in Florida in 2007.
  • We appreciate the continued support we’ve received from Demotech each time we’ve formed a new carrier, including the latest formation of CORE.
  • Each of the three carriers we’ve formed are currently rated ‘A’, Exceptional by Demotech,” said Paresh Patel, HCI’s chairman and chief executive officer.

HCI Group Insurance Subsidiary Assumes $30 Million of In-Force Premium from Citizens, Consolidated In-Force Premium Reaches $1 Billion

Retrieved on: 
Tuesday, December 19, 2023
HCI, Insurance, Citizens Property Insurance Corporation

TAMPA, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that its majority owned subsidiary, TypTap Insurance Company, has successfully assumed approximately $30 million of in-force premium from Citizens Property Insurance Corporation, Florida’s state-backed insurance company.

Key Points: 
  • TAMPA, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that its majority owned subsidiary, TypTap Insurance Company, has successfully assumed approximately $30 million of in-force premium from Citizens Property Insurance Corporation, Florida’s state-backed insurance company.
  • “TypTap has successfully completed the first of its two assumptions from Citizens.
  • With this assumption of policies from Citizens, HCI reached a significant milestone of writing over $1 billion of in-force premium.
  • The assumption, effective December 19, 2023, is based upon an approval in October 2023 by the Florida Office of Insurance Regulation.