Hp Managing Agency
HP Managing Agency is a Florida-based insurance managing agency operating two wholly-owned carriers, Monarch National and Viceroy Preferred, offering homeowners, condo, renters, dwelling fire, and flood insurance to Florida residents through independent agents and direct channels.
- Company typePrivate
- Founded2015
- HeadquartersTallahassee, United States
- Headcount—
- GTM typeB2C
- OfferingServices
What Hp Managing Agency does
HP Managing Agency (HPMA) is a Florida-based insurance managing agency founded in 2015 that operates two wholly-owned insurance carriers, Monarch National Insurance Company and Viceroy Preferred Insurance Company, to deliver residential property insurance products to Florida homeowners, condo owners, renters, and landlords. The agency offers six core programs spanning homeowners (HO-3, HO-5), renters (HO-4), condo (HO-6), and dwelling fire (DP-1, DP-3) coverage, supplemented by flood insurance through a strategic partnership with Taurus Flood and a Hurricane Mitigation Discount program that credits wind-resistive home features against the windstorm portion of premiums.
HPMA distributes products through a network of independent Florida insurance agents accessing a dedicated agent portal, supplemented by direct-to-consumer policyholder servicing via the Monarch customer portal and phone-based sales and service. Both carriers hold Office of Insurance Regulation (OIR) approval to participate in Florida's Citizens depopulation program, positioning HPMA to convert policies from the state-backed insurer of last resort, with carriers pricing reported within 20% of Citizens premiums and offering streamlined underwriting transitions.
The company employs over 120 insurance professionals from its Tallahassee headquarters and protects an estimated 93,000-135,000 Florida policyholders. Underlying technology is a conventional insurance platform covering policy management, claims processing, and customer servicing (monarch.live.ptsinsured.com, OdysseyNext for flood), with no disclosed AI/ML capabilities. Revenue is generated through insurance premiums collected by Monarch and Viceroy on a quote-based, annually billed subscription model, with rating credibility anchored by a Demotech A Exceptional Financial Stability Rating (reaffirmed April 2025) and BBB A+ accreditation.
Hp Managing Agency firmographics
Firmographics- Name
- Hp Managing Agency
- Legal name
- HP Managing Agency
- Website
- https://hpmanaging.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Short description
- HP Managing Agency is a Florida-based insurance managing agency operating two wholly-owned carriers, Monarch National and Viceroy Preferred, offering homeowners, condo, renters, dwelling fire, and flood insurance to Florida residents through independent agents and direct channels.
- Ownership category
- akta.pro rank
Hp Managing Agency industry classification
Industry- Product category
- Property & Casualty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Condominium (HO-6) Insurance (FSAJACAC)
- akta.pro secondary industry
- Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)
Keywords
Where Hp Managing Agency is headquartered
LocationHeadquarters
- HQ city
- Tallahassee
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Hp Managing Agency business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Premiums: HP Managing generates revenue through insurance premiums collected by its carriers (Monarch National Insurance Company and Viceroy Preferred Insurance Company) from policyholders. The company offers homeowners, dwelling fire, renters, condo, and flood insurance products in Florida.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | HO-3 Homeowners Insurance - Standard coverage for Florida homes |
| Subscription | Annual | HO-4 Renters Insurance - Coverage for renters |
| Subscription | Annual | HO-5 Preferred Homeowners - Premium coverage through Viceroy |
| Subscription | Annual | HO-6 Condo Insurance - Coverage for condominium owners |
| Subscription | Annual | DP-1 and DP-3 Dwelling Fire Insurance |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Hp Managing Agency product offering
Product offeringCore offering
HP Managing Agency is a Florida-based insurance managing agency that operates two insurance carriers, Monarch National Insurance Company and Viceroy Preferred Insurance Company. The company sells and services a suite of six residential property insurance products, including homeowners (HO-3, HO-5), renters (HO-4), condo (HO-6), and dwelling fire (DP-1, DP-3) coverage, plus flood insurance through partner Taurus Flood and hurricane mitigation discounts.
Product overview
HP Managing Agency (HPMA) is a Florida-based insurance managing agency that operates two insurance carriers: Monarch National Insurance Company and Viceroy Preferred Insurance Company. The company offers a suite of six distinct property insurance products including HO-3 Homeowners, HO-4 Renters, HO-6 Condo, DP-3 Dwelling Fire (through Monarch), and HO-5 Preferred Homeowners, DP-1 Dwelling Fire (through Viceroy). HPMA also provides optional add-on coverage including flood insurance through their partner Taurus Flood, and hurricane mitigation discounts for policyholders who strengthen their homes against wind damage.
Differentiator
Problem solved
Functional benefit
Brands
- Monarch National Insurance Company: Insurance carrier offering HO-3 (Homeowners), HO-4 (Renters), HO-6 (Condo), DP-3 (Dwelling Fire) insurance options, plus flood program through partner Taurus Flood.
- Viceroy Preferred Insurance Company
Products and services
- HO-3 Homeowners Insurance Standard homeowners insurance policy offered through Monarch National Insurance Company to Florida homeowners, covering primary residence property and personal liability exposures.
- HO-4 Renters Insurance Renters insurance policy offered through Monarch National Insurance Company to Florida residents renting homes or apartments, providing personal property and liability protection.
- HO-5 Preferred Homeowners Insurance Premium-tier homeowners insurance policy offered through Viceroy Preferred Insurance Company, targeting well-qualified Florida homeowners seeking broader coverage than the standard HO-3 form.
- HO-6 Condo Insurance Condominium unit insurance policy offered through Monarch National Insurance Company to Florida condo owners, covering interior unit features, personal property, and liability not addressed by the HOA master policy.
- DP-1 Dwelling Fire Insurance Basic dwelling fire insurance policy offered through Viceroy Preferred Insurance Company, designed for rental and landlord properties in Florida.
- DP-3 Dwelling Fire Insurance Broad-form dwelling fire insurance policy offered through Monarch National Insurance Company, designed for rental and landlord properties in Florida.
- Flood Insurance Flood insurance coverage provided through partner Taurus Flood, offering several plans tailored for Floridians in flood-prone and hurricane-exposed coastal areas.
Companies that use Hp Managing Agency
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
Hp Managing Agency technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Hp Managing Agency partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Taurus FloodcoreTaurus Flood is HP Managing's partner for flood insurance products. They offer several flood insurance plans tailored for Floridians. HP Managing refers customers to Taurus Flood for flood coverage and claims processing is handled through Taurus Flood's portal.
Scale indicators9 records
Recent moves4 records
Expansion highlights4 records
Hp Managing Agency competitors and assessment
Company assessmentDirect peers
- Slide Insurance: Florida-licensed personal property P&C insurer offering homeowners coverage through independent agents with strong focus on catastrophe risk management. Comparable product line and target customer base.
- Heritage Property & Casualty Insurance: Florida-based personal lines property insurer offering homeowners and dwelling fire policies in coastal counties. Directly comparable product mix, geographic focus, and Citizens depopulation participation.
- Olympus Insurance Company: Florida personal property P&C carrier offering homeowners and condo coverage in Florida. Operates with similar independent agent distribution and competes for the same homeowner segment.
- People's Trust Insurance: Florida-domiciled homeowners insurer focused on coastal Florida properties with direct-to-consumer and agent distribution. Highly comparable product and customer profile to HPMA's HO-3/HO-4/HO-6 offerings.
- Tower Hill Insurance Group: Florida-based personal property P&C group offering homeowners, condo, and renters insurance through independent agents. Same geographic restriction, similar product suite, and direct competition for Citizens depopulation takeouts.
- Security First Insurance: Florida-domiciled personal property P&C insurer offering homeowners, condo, and renters coverage. HPMA President/CFO David Lockhart was previously CFO and Director at Security First, making it a closely comparable operating model and target market.
- Florida Peninsula Insurance Company: Florida-only homeowners, condo, and dwelling fire carrier. Direct product overlap with Monarch and Viceroy across HO-3, HO-6, and DP lines within the same Florida geography.
- Universal Property & Casualty Insurance Company: Florida domestic P&C carrier focused on personal property insurance (HO-3, HO-6, DP). Operates in the same Florida-only footprint with overlapping HO and Dwelling Fire product lines.
- Federated National Insurance Company (FEDNat): Florida domestic P&C carrier offering homeowners, dwelling fire, and flood products through independent agents. HPMA's Director of Underwriting Phil Garner previously served at FEDNat, indicating closely aligned operating model and target customer.
Others
- Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort. Not a direct competitor but the primary source of policyholders that HPMA acquires through OIR-administered depopulation takeouts, making it the central counterparty shaping HPMA's growth channel.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Hp Managing Agency social profiles
Digital presenceHp Managing Agency compliance and trust
Trust signalCompliance2 records
Hp Managing Agency financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hp Managing Agency leadership team
Management profileNumber of profiles
Profiles14 records
Hp Managing Agency subsidiaries and ownership
Company hierarchySubsidiaries2 records
Hp Managing Agency funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hp Managing Agency 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 Hp Managing Agency
What does Hp Managing Agency do?
HP Managing Agency is a Florida-based insurance managing agency that operates two insurance carriers, Monarch National Insurance Company and Viceroy Preferred Insurance Company. The company sells and services a suite of six residential property insurance products, including homeowners (HO-3, HO-5), renters (HO-4), condo (HO-6), and dwelling fire (DP-1, DP-3) coverage, plus flood insurance through partner Taurus Flood and hurricane mitigation discounts.
Is Hp Managing Agency a public or private company?
Hp Managing Agency is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Hp Managing Agency founded?
Hp Managing Agency was founded in 2015.
Where is Hp Managing Agency based?
Hp Managing Agency is headquartered in Tallahassee, United States, in the North America region.
How does Hp Managing Agency make money?
One revenue line is on record: insurance Premiums.
Who are Hp Managing Agency's main competitors?
Direct peers on record are Slide Insurance, Heritage Property & Casualty Insurance, Olympus Insurance Company, People's Trust Insurance, Tower Hill Insurance Group, Security First Insurance, Florida Peninsula Insurance Company, Universal Property & Casualty Insurance Company and Federated National Insurance Company (FEDNat). Citizens Property Insurance Corporation is listed as an others.
Does Hp Managing Agency have an API?
No public API is recorded for Hp Managing Agency.
What industry is Hp Managing Agency in?
Hp Managing Agency's product category is Property & Casualty Insurance. Its primary akta.pro industry code is FSAJACAC, Condominium (HO-6) Insurance, with a secondary code of FSAJACAD, Landlord / Dwelling Fire (DP) Insurance. Its NAICS code is 524126 and its SIC code is 6331.