Heritage posts Q4 loss and talks up M&A hunger

Heritage Insurance Holdings has signaled appetite for further
M&A as it reported fourth quarter results that included a net
loss of $2.9mn, compared with profits of $20.2mn in the prior-year
period.
The expansive Floridian reported deteriorating underwriting
results with a net combined ratio that jumped from 69.7 percent to
112.2 percent.
Based on gross earned premiums, the combined ratio was up from
79.5 percent to 107.3 percent, including 11.9 points, or $19mn of
Hurricane Matthew losses,