Paresh Patel
Chief Executive Officer at HCI GROUP, INC.
Net worth: 121 M $ as of 2024-03-30
Profile
Paresh Patel is the founder of HCI Group, Inc. (founded in 2006) and Whistle Group, Inc. (founded in 2014).
He is currently the Chairman, President & Chief Executive Officer of TypTap Insurance Group, Inc. (since 2020), Chairman of Homeowners Choice Property & Casualty Insurance Co., Inc. (since 2015), Non-Executive Chairman of Oxbridge Reinsurance Ltd.
(since 2013), Chairman & President of TypTap Insurance Co. (since 2016), and Director of Cambridge in America.
Mr. Patel is also the founder of NorthStar Bank (Tampa, Florida).
He has held former positions as Non-Executive Chairman of Oxbridge Re Holdings Ltd.
(2013-2018), Chairman of BayFirst Financial Corp.
(2011-2015), Director-Customer Care & Billing at Global Crossing USA, Inc. (1998-2000), Director of Northstar Banking Corp.
(2006-2011), Director of North Star Holding Corp.
(2006-2010), Senior Portfolio Manager at WMG Advisors LLP (2005-2006), President of Homeowners Choice Property & Casualty Insurance Co., Inc. (2011-2012), and President of Scorpio Systems LLC (2006-2012).
Mr. Patel's education includes undergraduate and graduate degrees from the University of Cambridge.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
HCI GROUP, INC.
10.46% | 2024-04-16 | 1,044,000 ( 10.46% ) | 121 M $ | 2024-03-30 |
Paresh Patel active positions
| Companies | Position | Start |
|---|---|---|
| HCI GROUP, INC. | Chief Executive Officer | 2011-06-30 |
| Oxbridge Reinsurance Ltd. | Chairman | 2013-04-03 |
Cambridge in America
 Cambridge in America Miscellaneous Commercial ServicesCommercial Services Cambridge in America provides alumni network relations services. They help build a community of Cambridge University alumni and friends throughout the United States. The company was founded in 2000 and is headquartered in New York, NY. | Director/Board Member | - |
Homeowners Choice Property & Casualty Insurance Co., Inc.
 Homeowners Choice Property & Casualty Insurance Co., Inc. Property/Casualty InsuranceFinance Part of HCI Group, Inc., Homeowners Choice Property & Casualty Insurance Co., Inc. provides property and casualty insurance services. The private company is based in Clearwater, FL. | Chairman | - |
TypTap Insurance Co.
 TypTap Insurance Co. Multi-Line InsuranceFinance Part of HCI Group, Inc., TypTap Insurance Co. is a private company that offers flood insurance for single-family homes. The company is based in Ocala, FL. | Chairman | 2015-12-31 |
TypTap Insurance Group, Inc.
 TypTap Insurance Group, Inc. Multi-Line InsuranceFinance TypTap Insurance Group, Inc. operates as a holding company, which through its subsidiaries engages in the property and casualty insurance business. It operates through three segments: Insurance Operations, Information Technology and Corporate. The Insurance Operations segment represents the property and casualty insurance operations of TypTap, together with TTM, its managing general agent. The Information Technology segment represents the operations of technology companies Exzeo USA and Cypress Tech which owns Exzeo India. The Corporate segment represents the activities of holding company TTIG. The company was founded in July 2020 and is headquartered in Tampa, FL. | Chief Executive Officer | 2020-06-30 |
Former positions of Paresh Patel
| Companies | Position | End |
|---|---|---|
| OXBRIDGE RE HOLDINGS LIMITED | Chairman | 2018-02-28 |
| BAYFIRST FINANCIAL CORP. | Chairman | 2014-12-31 |
Homeowners Choice Property & Casualty Insurance Co., Inc.
Homeowners Choice Property & Casualty Insurance Co., Inc. Property/Casualty InsuranceFinance Part of HCI Group, Inc., Homeowners Choice Property & Casualty Insurance Co., Inc. provides property and casualty insurance services. The private company is based in Clearwater, FL. | President | 2011-12-31 |
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Training of Paresh Patel
| University of Cambridge | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 3 |
|---|---|
| HCI GROUP, INC. | Finance |
| OXBRIDGE RE HOLDINGS LIMITED | Finance |
| BAYFIRST FINANCIAL CORP. | Finance |
| Private companies | 12 |
|---|---|
Global Crossing USA, Inc.
 Global Crossing USA, Inc. Specialty TelecommunicationsCommunications Part of Lumen Technologies, Inc. (Louisiana), Global Crossing USA, Inc. provides telecommunication services. The private company is based in Beverly Hills, CA. The company was founded by Barry A. Porter. | Communications |
Whistle Group, Inc.
 Whistle Group, Inc. Packaged SoftwareTechnology Services Whistle Group, Inc. engages in the provision of a mobile application for accessing company documents and fundamentals on iPhone and iPad. The company was founded by Vivek Nasta, Paresh Patel, and Ariez Dustoor in 2014 and is headquartered in New York, NY. | Technology Services |
NorthStar Bank (Tampa, Florida)
 NorthStar Bank (Tampa, Florida) Regional BanksFinance NorthStar Bank provides personal and commercial banking services. It offers deposit accounts, services for legal medical and CPAs, treasury management, commercial and personal loans, and wealth services. The company was founded by Pablo A. Santa Cruz on August 6, 2007 and is headquartered in Tampa, FL. | Finance |
WMG Advisors LLP
 WMG Advisors LLP Investment ManagersFinance WMG Advisors LLP is an independent, Great Britain-based wealth management firm which was founded in 2004 by Mehmet Dalman. Headquartered in London, the firm offers single strategy hedge funds and discretionary wealth management services to institutions, endowment funds, family offices and high net-worth individuals. | Finance |
Cambridge in America
Cambridge in America Miscellaneous Commercial ServicesCommercial Services Cambridge in America provides alumni network relations services. They help build a community of Cambridge University alumni and friends throughout the United States. The company was founded in 2000 and is headquartered in New York, NY. | Commercial Services |
Homeowners Choice Property & Casualty Insurance Co., Inc.
Homeowners Choice Property & Casualty Insurance Co., Inc. Property/Casualty InsuranceFinance Part of HCI Group, Inc., Homeowners Choice Property & Casualty Insurance Co., Inc. provides property and casualty insurance services. The private company is based in Clearwater, FL. | Finance |
| Scorpio Systems LLC | |
| Oxbridge Reinsurance Ltd. | |
North Star Holding Corp.
 North Star Holding Corp. Food DistributorsDistribution Services North Star Holding Corp. operates as a holding company. The company is based in Tampa, FL. | Distribution Services |
TypTap Insurance Co.
TypTap Insurance Co. Multi-Line InsuranceFinance Part of HCI Group, Inc., TypTap Insurance Co. is a private company that offers flood insurance for single-family homes. The company is based in Ocala, FL. | Finance |
TypTap Insurance Group, Inc.
TypTap Insurance Group, Inc. Multi-Line InsuranceFinance TypTap Insurance Group, Inc. operates as a holding company, which through its subsidiaries engages in the property and casualty insurance business. It operates through three segments: Insurance Operations, Information Technology and Corporate. The Insurance Operations segment represents the property and casualty insurance operations of TypTap, together with TTM, its managing general agent. The Information Technology segment represents the operations of technology companies Exzeo USA and Cypress Tech which owns Exzeo India. The Corporate segment represents the activities of holding company TTIG. The company was founded in July 2020 and is headquartered in Tampa, FL. | Finance |
Northstar Banking Corp.
 Northstar Banking Corp. Regional BanksFinance Northstar Banking Corp. is a state chartered commercial bank. It is a holding company of NorthStar Bank. The company was founded on January 20, 2006 and is headquartered in Tampa, FL. | Finance |
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