HOUSTON – April 23, 2018
Houston International Insurance Group (HIIG) announced today its intention to review
alternative capital opportunities for future expansion.
Alternatives might include a minority investor with added value from providing new business/
reinsurance capacity as well as capital; or a majority investor to support a subsequent IPO. The
Company intends to stay at its current debt to total capital ratio of circa 27%
Stephen L. Way, Chairman and CEO of HIIG said, “We are seeing some improvement in the
business climate and our own insurance market, so now is a good time for us to take advantage of
opportunities as they appear. We would like additional capital on hand to move quickly and
effectively on the best quality transactions, which like rent control apartments in NYC, typically
change hands very quickly”.
This new capital would provide funding for the expansion of existing business units, as well as
potential acquisitions and strategic investments. If necessary, it would also be available to
contribute capital to its Insurance Company subsidiaries to support their existing high capital
ratios and liquidity needed to maintain their high ratings
HIIG is an insurance holding company based in Houston, Texas, formed in 2007 by Stephen L.
Way a leader in insurance for more than 50 years, to build long term Shareholder value through
creative but disciplined underwriting; acquisitions; and strategic investments.
HIIG has underwriting segments focused on Accident & Health; Commercial; Excess & Surplus
Lines; and Specialty which are projected to produce more than $700 million in gross premiums in
HIIG has subsidiary insurance companies Houston Specialty Insurance Company; Imperium
Insurance Company; Great Midwest Insurance Company; and Oklahoma Specialty Insurance
Company all rated A/A- (Excellent) by A.M. Best Company.
Rhonda Kemp, SVP Corporate Affairs
Houston International Insurance Group