Opinion: Beyond Florida

Heritage chairman and CEO Bruce Lucas says the deal to buy
Narragansett Bay for $250mn is a game changer for the Florida-based
carrier.He believes a valuation of 2.1x book, that for some might look a
little rich, will turn out to be a bargain.That's because of the huge growth potential unlocked by
adding an established northeast US footprint to Heritage's
Florida, southeast and Hawaiian presence.The deal will also bring significant reinsurance synergies, and
as such, Lucas believes...