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HCI subsidiary to acquire insurance policies of Anchor Property & Casualty

Homeowners Choice Property & Casualty Insurance Co. Inc., an insurance subsidiary of HCI Group Inc., agreed to acquire all the insurance policies of Anchor Property & Casualty Insurance Co.

The Florida-based provider of homeowners insurance had 43,209 policies in force, representing about $69 million in annualized premium as of June 30, 2019.

HCI did not disclose the financial terms of the deal.