Heritage Insurance Holdings Promotes Ernie Garateix to CEO

11/3/20

Heritage Insurance Holdings, Inc. (HRTG), a super-regional property and casualty insurance holding company, announced today that Ernie Garateix, the Company's Chief Operating Officer, has been promoted to Chief Executive Officer and will join the Board of Directors, effective November 30, 2020. Richard Widdicombe, Heritage's co-founder, will continue to serve as President of the Company and has also been named Chairman of the Board of Directors. Bruce Lucas, Heritage's co-founder, Chairman and CEO, will retire effective November 30, 2020 and will remain with the Company as an executive consultant through 2021.

Mr. Lucas said, "Ernie is a highly accomplished executive and has been instrumental to Heritage's success. He's been with the company since inception, knows the business inside out, has a tireless work ethic and has the trust and respect of our employees and partners. He's uniquely suited to take over as CEO and I know I'm leaving the Company in good hands."

Mr. Garateix said, "Bruce has done a tremendous job building Heritage from the ground up with impressive operating results. I've learned a lot working with Bruce over the past eight years and I'm grateful for this opportunity to succeed him as CEO. I look forward to continuing to expand Heritage's footprint as the premier super-regional carrier."

During his tenure at Heritage, Mr. Garateix has served as Chief Operating Officer and Executive Vice President. Prior to joining Heritage at its inception in 2012, Mr. Garateix served as an executive at American Integrity Insurance Group, a coastal homeowners insurer.

Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.

About Heritage
Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes over $1 billion of gross personal and commercial residential premium across its multi-state footprint.

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