Jun 30, 2015
CLEARWATER, Fla., June 30, 2015 /PRNewswire/ — Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a property and casualty insurance holding company, today announced that its subsidiary Heritage Property & Casualty Company (Heritage P&C) was named Insurer of the Year by Insurance Insider. A leading global industry publication, Insurance Insider, awarded Heritage for its innovative and market-leading business practices noting the company’s resolve to achieve greater stability through multi-year insurance cover.
“I am honored Heritage was named Insurer of the Year based on our innovative catastrophe bond transactions through Citrus Re. The bonds provide three years of coverage at an attractive rate and the success of this transaction has changed perception of risk management in Florida while strengthening our company’s reinsurance program. It is a real honor for a relatively young, Florida insurer to be recognized by the global insurance industry as a market leading organization,” said Heritage Chairman and CEO Bruce Lucas.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) is a property and casualty insurance holding company headquartered in Clearwater, Florida. Its subsidiary, Heritage Property & Casualty Insurance Company, writes approximately $ 500 million of personal and commercial residential premium through a large network of experienced agents. Heritage is led by an experienced senior management team with an average of 28 years of insurance industry experience.
Heritage Insurance Holdings Inc.
SOURCE Heritage Insurance Holdings, Inc.