Debevoise & Plimpton LLP is advising United Insurance Holdings Corp.
(NASDAQ: UIHC) (“UPC”) in a proposed transaction in which UPC would transfer its personal lines business in Connecticut, New Jersey, Massachusetts and Rhode Island to HCI Group, Inc.
(NYSE: HCI), better enabling UPC to focus on developing its specialty commercial property business. The transaction is the subject of an agreement in principle that UPC and HCI announced on December 17, 2020. HCI, a leading InsurTech company, has operations in insurance, real estate and software development. For more information, please see the company’s press release
The Debevoise team is led by insurance counsel Michael Devins
and includes associates Matthew Parelman
and Ignacio Saldana
, M&A partner Gregory Gooding
, tax partner Gary Friedman
and associate Robert Nelson-Sullivan
and capital markets partner Eric Juergens