Heritage seeks M&A outside Florida

Heritage Insurance Holdings has expressed a strong appetite for
further M&A but indicated that smaller Floridian carriers,
widely identified as ripe for consolidation, will not be on its hit
list.
The insurer raised $73mn in net proceeds in a private placement
late last year that it said would be used for M&A and strategic
investments.
And the company announced last week (15 March) that it had filed
an amended shelf registration that will allow it to issue common or
preferred...