Tower Hill Insurance
Tower Hill Insurance is a privately-held, family-owned Florida-based property and casualty carrier founded in 1972, offering homeowners, specialty residential, and commercial property insurance exclusively through independent agents across 17 Southeast, South, and Southwest U.S. states.
- Company typePrivate
- Founded1972
- HeadquartersGainesville, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Tower Hill Insurance does
Tower Hill Insurance is a privately-held, family-owned property and casualty insurance carrier founded in 1972 (originally as Mobile Home Insurance Associates) and headquartered in Gainesville, Florida. The company specializes in residential and commercial property insurance for hurricane- and storm-exposed markets across the Southeastern, Southern, and Southwestern United States, operating through licensed affiliates Tower Hill Prime, Tower Hill Preferred, Tower Hill Signature, and the Tower Hill Insurance Exchange reciprocal insurer, along with Tower Hill Specialty for hard-to-place risks. Its core product portfolio covers homeowners (HO3), renters (HO4), condo (HO6), mobile home, flood, dwelling fire, watercraft, and seven distinct commercial lines (office/retail, assisted living, self-storage, early learning centers, mercantile, HOAs, commercial residential), with endorsements including Equipment Breakdown and CyberShield. More than 1.7 million Floridians have been insured by Tower Hill, and the company held the fourth-largest Florida homeowners market share as of 2012.
The company runs a property and casualty technology platform anchored by a Customer Portal, a mobile application for iOS and Android, and the QuickFNOL text-based first-notice-of-loss system that pushes claim links to policyholders in the path of named storms. Catastrophe response infrastructure includes mobile CAT sites, remote deployment capabilities, aerial imagery for post-storm damage assessment, 500+ claims-trained employees, and a credentialed contractor network (CastleCare, powered by Alacrity) providing 24/7 emergency mitigation services. Tower Hill also operates in-house reinsurance and holding entities (Tomoka Re, Tower Hill Re, Alachua Capital, ICS Software Acquisition), giving it structural capacity to manage catastrophe exposure.
Tower Hill's business model is built on recurring insurance premiums collected on annual billing cycles, with pricing quote-based on property-specific risk factors and hurricane deductibles typically set at 2-5% of dwelling value. Distribution is exclusively through independent insurance agents across 10-17 states, with formal appointment processes for personal and commercial lines; digital self-service (Quick Quote, mobile app, Customer Portal) supports existing policyholders but new business flows through the agency channel. The company maintains a Demotech A (Exceptional) Financial Stability Rating for Tower Hill Prime and the Exchange, and a BBB A+ rating, both critical trust signals in catastrophe-exposed property insurance where carrier solvency post-event drives purchase decisions.
Tower Hill Insurance firmographics
Firmographics- Name
- Tower Hill Insurance
- Legal name
- Tower Hill Insurance Group, LLC
- Website
- https://thig.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Tower Hill Insurance is a privately-held, family-owned Florida-based property and casualty carrier founded in 1972, offering homeowners, specialty residential, and commercial property insurance exclusively through independent agents across 17 Southeast, South, and Southwest U.S. states.
- Ownership category
- akta.pro rank
Tower Hill Insurance industry classification
Industry- Product category
- Property Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industries
- Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Renters Insurance (FSAJACAB), Surplus Lines Property (CAT/High-Hazard) (FSAJAGAB)
Keywords
Where Tower Hill Insurance is headquartered
LocationHeadquarters
- HQ city
- Gainesville
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Tower Hill Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Property Insurance Premiums: Tower Hill generates revenue through insurance premiums from homeowners, mobile home, rental property, condominium, renters, commercial, and flood coverage policies. Premiums are collected on a recurring basis (annual or monthly billing cycles).
- Tower Hill Specialty Products: Specialty insurance products including Dwelling Fire (DP1 & DP3), Manufactured Homes (MHO), and Homeowners (HO3) for homes valued up to $750,000 and dwelling coverage up to $1 million for vacant homes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Homeowners insurance with flexible coverage options |
| Other | Annual | Hurricane deductible options |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Tower Hill Insurance product offering
Product offeringCore offering
Tower Hill Insurance is a Florida-based property insurance carrier offering personal lines (homeowners, renters, condo, mobile home, flood, dwelling fire, watercraft) and commercial lines (office/retail, assisted living, self-storage, early learning, mercantile, HOA, commercial residential) coverage. Products are distributed exclusively through appointed independent insurance agencies across approximately 10-17 southeastern U.S. states. The company also operates a specialty subsidiary for hard-to-place risks and a reciprocal insurer exchange.
Product overview
Tower Hill Insurance is a property insurance company offering a portfolio of personal and commercial lines products primarily focused on residential coverage in the Southeast United States. The core personal lines portfolio includes Homeowners (HO3), Renters (HO4), Condo (HO6), Mobile Home, Flood, Dwelling Fire, and Watercraft policies, sold alongside optional endorsements such as Equipment Breakdown and CyberShield. For commercial lines, the company offers coverage for office/retail, assisted living facilities, self-storage, early learning centers, mercantile, HOA, and commercial residential properties. Tower Hill Specialty, a subsidiary, provides niche HO3, Manufactured Home (MHO), and Dwelling Fire (DP1/DP3) programs targeting homes valued up to $750,000–$1 million with varying eligibility criteria. Customer-facing digital tools include the Tower Hill Mobile App (iOS/Android) and Customer Portal for account access, claims reporting, and QuickFNOL storm alerts. CastleCare provides a credentialed contractor network for emergency repairs. The company primarily distributes through independent insurance agents and agency partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- CastleCare: A credentialed contractor network program powered by Alacrity that provides emergency repair services including roof tarping, water extraction, tree removal, and window board-up for Tower Hill members and policyholders.
- CyberShield
- CAT365
Products and services
- Homeowners (HO3) Standard homeowners insurance covering the physical structure of the home, personal belongings, liability protection, and additional living expenses for covered losses. For individual property owners in the Southeast.
- Renters (HO4) Renter's insurance covering personal property and liability for tenants in rental dwellings.
- Condo (HO6) Condominium insurance covering the interior of the unit, personal property, and liability for condominium owners.
- Mobile Home Insurance coverage specifically designed for mobile and manufactured homes.
- Flood Flood insurance coverage, available through both NFIP and private flood programs, covering water damage from the bottom up.
- Watercraft Watercraft insurance coverage for boats and water vessels, available through SkiSafe.
- Dwelling Fire Dwelling fire insurance for rental properties and vacant homes, covering DP1 and DP3 programs.
- Commercial Lines Commercial property insurance covering office/retail facilities, assisted living facilities, self-storage facilities, early learning centers, mercantile, homeowners associations, and commercial residential properties.
- Tower Hill Specialty Programs Specialty insurance products including Dwelling Fire (DP1 & DP3) for homes up to $500K-$1M, Manufactured Homes (MHO) up to $300K, and Homeowners (HO3) up to $750K targeting hard-to-place risks.
Quantifiable outcome
- More than 1.7 million Floridians have chosen Tower Hill to protect their homes
- +2 more outcomes
Companies that use Tower Hill Insurance
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Tower Hill Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Tower Hill Insurance partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- Alacrity (CastleCare Program)coreCastleCare is a credentialed contractor network powered by Alacrity that provides emergency repair services exclusively for Tower Hill members and policyholders. Services include roof tarping, water extraction, tree removal, and window board-up. Available 24/7 through 844-TOWER-11.
- Bluegrass Insurance ManagementcoreTower Hill affiliate providing additional catastrophe claims support. Being expanded to further support members' needs during catastrophic events.
- Lloyd's SyndicatescoreTower Hill Specialty acts as General Agent or Policy Administrator for Lloyd's Syndicates as part of their insurance company network.
- RenaissanceRe Specialty U.S. LTD. (RSUSL)coreTower Hill Specialty acts as General Agent or Policy Administrator for RenaissanceRe as part of their insurance company network.
- Vantage Risk Specialty Insurance CompanycoreTower Hill Specialty acts as General Agent or Policy Administrator for Vantage Risk as part of their insurance company network.
- XL CatlincoreTower Hill Specialty acts as General Agent or Policy Administrator for XL Catlin as part of their insurance company network.
- Rockhill Insurance CompanycoreTower Hill Specialty acts as General Agent or Policy Administrator for Rockhill Insurance Company as part of their insurance company network.
- 20+ Catastrophe ContractscoreTower Hill maintains more than 20 catastrophe contracts offering additional First Notice of Loss (FNOL) support and independent adjusters to supplement in-house teams during major storm events.
Scale indicators8 records
Recent moves9 records
Expansion highlights3 records
Tower Hill Insurance competitors and assessment
Company assessmentDirect peers
- Heritage Property & Casualty Insurance: Florida-focused personal property insurance carrier writing homeowners and similar residential lines; competes directly with Tower Hill for Florida homeowners share and participates in the same Citizens takeout ecosystem.
- Florida Peninsula Insurance: Florida-only homeowners and property insurer specializing in coastal and hurricane-exposed risks; directly competes with Tower Hill in the same personal lines and geographic niche.
- Security First Insurance: Florida-domiciled homeowners and property insurance writer with similar agency distribution and Citizens takeout history; comparable book and customer base to Tower Hill.
- Southern Fidelity Insurance: Florida-focused residential property insurer writing homeowners, dwelling fire, and mobile home coverage; competitor for the same hard-to-place and standard personal lines customers.
- Slide Insurance: Florida-focused homeowners insurer (successor to United Insurance Holdings / FedNat portfolios) writing coastal and inland personal property risks; directly comparable book of business.
- Universal Property & Casualty Insurance: Florida-anchored personal property insurer (Universal Insurance Holdings) writing homeowners, dwelling fire, and flood; competes with Tower Hill in the same Florida personal lines market.
- Olympus Insurance: Florida-focused residential property insurer writing homeowners, condo, and dwelling fire products with similar agency distribution and Citizens takeout participation.
- HOMEOWNERS CHOICE (HCI Group / TypTap): Florida-domiciled property and casualty holding company writing homeowners insurance through subsidiaries including TypTap; comparable book, technology investments, and Citizens takeout exposure.
Broad incumbents
- Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort; not a direct competitor for the same customer but the residual market from which Tower Hill has historically taken out policies via depopulation programs.
Emerging players
- SageSure Insurance: Specialty personal lines MGA/carrier focused on catastrophe-exposed and non-standard residential property across multiple coastal states; comparable specialty homeowners niche and multi-state expansion pattern.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Tower Hill Insurance social profiles
Digital presenceTower Hill Insurance compliance and trust
Trust signalCompliance2 records
Tower Hill Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tower Hill Insurance leadership team
Management profileNumber of profiles
Profiles4 records
Tower Hill Insurance subsidiaries and ownership
Company hierarchySubsidiaries19 records
Tower Hill Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tower Hill Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tower Hill Insurance
What does Tower Hill Insurance do?
Tower Hill Insurance is a Florida-based property insurance carrier offering personal lines (homeowners, renters, condo, mobile home, flood, dwelling fire, watercraft) and commercial lines (office/retail, assisted living, self-storage, early learning, mercantile, HOA, commercial residential) coverage. Products are distributed exclusively through appointed independent insurance agencies across approximately 10-17 southeastern U.S. states. The company also operates a specialty subsidiary for hard-to-place risks and a reciprocal insurer exchange.
Is Tower Hill Insurance a public or private company?
Tower Hill Insurance is a private company. It is classified as family owned and is currently operating.
When was Tower Hill Insurance founded?
Tower Hill Insurance was founded in 1972. It employs 501 to 1,000 people.
Where is Tower Hill Insurance based?
Tower Hill Insurance is headquartered in Gainesville, United States, in the North America region.
How does Tower Hill Insurance make money?
Two revenue lines are on record. Property Insurance Premiums are the primary driver. The others are tower Hill Specialty Products.
Who are Tower Hill Insurance's main competitors?
Direct peers on record are Heritage Property & Casualty Insurance, Florida Peninsula Insurance, Security First Insurance, Southern Fidelity Insurance, Slide Insurance, Universal Property & Casualty Insurance, Olympus Insurance and HOMEOWNERS CHOICE (HCI Group / TypTap). Citizens Property Insurance Corporation is listed as a broad incumbent. SageSure Insurance is listed as an emerging player.
Does Tower Hill Insurance have an API?
No public API is recorded for Tower Hill Insurance.
What industry is Tower Hill Insurance in?
Tower Hill Insurance's product category is Property Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAD, Landlord / Dwelling Fire (DP) Insurance. Its NAICS code is 524126 and its SIC code is 6331.