This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Homeowners Choice Announces Branding Initiatives

TAMPA, Fla., April 15, 2013 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI) today announced it has begun doing business as "HCI Group, Inc." and intends to ask its shareholders to approve an amendment to its articles of incorporation to change the company's name to "HCI Group, Inc."

The company gave several reasons for the name change.
  • The name HCI Group, Inc. will better represent the company's diversified business activities, which include property and casualty insurance, information technology, real estate and reinsurance.  
  • The new name will provide greater clarity to the company's identity, avoiding confusion between the company and its largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc.    
  • The new name will distinguish the company and the brands of its non-property and casualty insurance enterprises from the "Homeowners Choice" brand, thereby enhancing and strengthening the value of all the brands.

Along with the proposed name change the company announced several other branding initiatives.
  • The company's enterprises dedicated to property and casualty insurance, including the company's most important subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. will operate exclusively under the "Homeowners Choice" brand.   
  • The company's information technology enterprises will operate under the "Exzeo" brand.   
  • The company's real estate activities, which include the ownership and operation of several Florida properties, will be performed under the "Greenleaf Capital" brand.   
  • The company's enterprises that provide reinsurance will operate under the "Claddaugh" brand. To date, the Claddaugh reinsurance services have been limited to participating in the Homeowners Choice reinsurance programs.

These branding initiatives coincide with the company's announced formation of its Exzeo information technology division.

"These initiatives are designed to strengthen the brands of the company and its diverse business enterprises," said Chief Executive Officer Paresh Patel. "While we remain committed to our insurance business and the Homeowners Choice brand, we are equally excited about our other enterprises and the strategic opportunities they offer," he said.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.03 -1.20%
FB $117.34 -0.08%
GOOG $695.28 0.42%
YHOO $35.97 -0.11%
TSLA $222.30 -4.30%


Chart of I:DJI
DOW 17,619.52 -131.39 -0.74%
S&P 500 2,048.72 -14.65 -0.71%
NASDAQ 4,722.1060 -41.1180 -0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs