HCI appoints president of new online insurance firm

HCI Group, a US holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has appointed insurance industry veteran Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. The TypTap.com online platform currently offers residential flood insurance in Florida. As president, Blanch will oversee the development and growth of TypTap. His responsibilities include driving sales, establishing reinsurance partnerships and overseeing the strategic direction and expansion of the company. “Ted brings well over 45 years of comprehensive executive leadership to our recently established TypTap Insurance Company,” said Paresh Patel, HCI Group’s chairman and chief executive officer. “His extensive experience, deep industry knowledge, and strong relationships throughout the country provide an unparalleled resource for TypTap.” Patel added: “Since the March launch of TypTap.com, we have been encouraged with the level of traffic on the website and we are beginning to see numerous flood insurance policies sold through the platform.” Blanch commented: “The launch of TypTap.com is another example of HCI Group’s innovation and leadership within the insurance industry. TypTap’s robust platform provides a quick and simple way to buy insurance from any internet connected device - it is unlike any other in the industry.  “I look forward to establishing TypTap as the leading alternative to the National Flood Insurance Program in Florida and exploring its additional potential applications well beyond its current territory and product markets.”