Core Insights - HCI Group, Inc. has successfully completed its catastrophe reinsurance programs for the 2025-2026 treaty year, which runs from June 1, 2025, through May 31, 2026 [1] Reinsurance Program Details - HCI secured three reinsurance towers for the 2025-2026 treaty year, with specific coverage for its subsidiaries and policies issued in Florida and outside of Florida [2] - The company secured over $3.5 billion in excess of loss aggregate limit and full reinstatement premium protection across the three reinsurance towers [3] - The statutory retentions for the first and second events are $18 million for both Reinsurance Tower 1 and Tower 2, and $3 million for Tower 3 [4] Financial Expectations - HCI expects to incur net consolidated reinsurance premiums ceded to third parties, excluding its Bermuda-based subsidiary Claddaugh, of approximately $422 million from June 1, 2025, through May 31, 2026 [5] Company Overview - HCI Group operates with two distinct units: one includes top-performing insurance companies and a captive reinsurance company, while the other, Exzeo Group, focuses on insurance technology innovations [6] - The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [7]

Core Insights - Sutton Specialty Insurance Company and Sutton National Insurance Company, along with Bamboo Ide8 Insurance Services, announced the renewal of Bamboo's reinsurance program, which includes the successful closing of the Greengrove Re Ltd. Series 2025-1 catastrophe bond and the Greenshoots Re Ltd. Series 2025-1 sidecar transaction [1][5] Group 1: Greengrove Re Ltd. Catastrophe Bond - Greengrove Re Ltd. issued a $100 million catastrophe bond with a spread of 7.75%, an initial base expected loss of 1.44%, and an indemnity trigger over a three-year term, maturing on April 7, 2028 [2] - The offering reflects a 33% increase from the initial $75 million placement target, with the final spread priced at the lower end of the initial price guidance of 7.50% to 8.50% [2] Group 2: Greenshoots Re Ltd. Sidecar Transaction - Greenshoots Re Ltd. issued $70 million of preference shares for a sidecar transaction supported by several institutional investors [4] - Sutton National entered into a quota share reinsurance contract with Greenshoots Re Ltd., allowing participation in the underwriting results of Bamboo's business written on behalf of Sutton National [4] Group 3: Strategic Importance and Market Response - The transactions are seen as a milestone in Bamboo's history and partnership with Sutton National, aimed at addressing the coverage needs of California homeowners [5] - Investor support for these transactions is viewed as a validation of Bamboo's business model and approach to catastrophe risk management [5][6]