HCI Group Launches $11–30 Tokenized Reinsurance Securities with Up to $49 Payout
HCI•HCI Group launched a pilot of three digital tokenized securities mirroring Cayman-based Fortex Re participations in its 2026–27 catastrophe excess-of-loss programs. Series A, B and C tokens cost $11.10, $22.12 and $30.01 with estimated redemptions of $36.00, $49.00 and $35.20 and require a $5,000 minimum investment by qualified investors.
1. Pilot Launch of Tokenized Securities
HCI Group launched a pilot project of three digital tokenized reinsurance securities. These tokens mirror the performance of specific participations by Cayman-based Fortex Re in the 2026–27 catastrophe excess-of-loss reinsurance programs and aim to expand investor access to catastrophe risk as an asset class.
2. Token Series Risk-Return Details
The offering includes Series A, B and C tokens priced at $11.10, $22.12 and $30.01, with estimated end-of-period redemption values of $36.00, $49.00 and $35.20, assuming no catastrophe losses. Each series offers distinct risk-return profiles that investors can combine through varying allocations to tailor catastrophe risk exposure.
3. Investor Qualifications and Structure
Securities are available via SurancePlus to U.S. accredited investors under Rule 506(c) and non-U.S. investors under Regulation S, with a $5,000 minimum investment. The structures align payouts with the annual reinsurance treaty cycle, shortening the investment horizon compared with traditional insurance-linked securities.
