HCI Group Enters the Tokenized Real-World Assets Market with Pilot Project Mirroring Returns of Specific Participations in HCI's Catastrophe XOL Reinsurance Programs
TAMPA, Fla., June 17, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) today announced the launch of a pilot project featuring digital tokenized reinsurance securities offering contractual returns that mirror the performance of specific participations by its Cayman Islands-based reinsurance subsidiary, Fortex Reinsurance SPC, Ltd. ("Fortex Re"), in HCI's catastrophe excess-of-loss reinsurance programs. HCI is launching this pilot project to explore new ways to expand investor access to catastrophe risk as an asset class.
“We are pioneering a new method of risk transfer by connecting the reinsurance market with new sources of capital,” said Paresh Patel, HCI’s Chairman and Chief Executive Officer. “While still in its early stages, we believe tokenized reinsurance securities have the potential to expand access to the reinsurance market by lowering investment barriers, shortening investment duration, and creating the potential for increased liquidity for qualified investors.”
The initial pilot project consists of three separate digital tokenized securities, which are available for purchase through SurancePlus:
| Token Offering | Offering Price per Token | Estimated Redemption Value per Token* | |||||
| Series A | $11.10 | $36.00 | |||||
| Series B | $22.12 | $49.00 | |||||
| Series C | $30.01 | $35.20 | |||||
| *Illustrated values reflect the following: (1) no catastrophe losses affecting the underlying reinsurance participation, (2) redemption at the end of the annual risk period, and (3) values are before any additional return from collateral investment income. | |||||||
Each token has a distinct risk-return profile and may be purchased individually or combined through varying allocations, enabling investors to tailor catastrophe risk exposures to their investment
objectives.
Additionally, the securities are structured to align with the annual reinsurance treaty cycle, resulting in a meaningfully shorter investment horizon than is typical for many traditional insurance-linked securities offerings, including catastrophe bonds.
Finally, the securities will be available for a minimum investment of $5,000 to qualified U.S. accredited investors under Rule 506(c) of Regulation D and to qualified non-U.S. investors under Regulation S of the U.S. Securities Act of 1933, as amended. Subject to applicable securities laws and transfer restrictions, securities offered pursuant to Regulation S are generally expected to become eligible for resale sooner than those offered pursuant to Rule 506(c) of Regulation D, which are generally subject to longer holding periods, often up to one year.

