Florida-based American Coastal Insurance Corporation (ACIC) has renewed its all other perils catastrophe excess of loss agreement (AOP CAT agreement) for 2026, providing up to $95.6 million of occurrence limit excess of the $10 million attachment point to limit ACIC’s losses from catastrophe loss events other than named windstorms and earthquakes.
The AOP CAT programme, placed through ACIC’s wholly owned insurance subsidiary, American Coastal Insurance Company, represents a modest increase on the 2025 renewal, which provided $90 million of per-occurrence coverage above the same $10 million attachment point.
The cost of the new agreement, which provides coverage for in-force, new and renewal business, is approximately $11.4 million, inclusive of reinstatement premium protection.
Exclusive of ACIC’s retention, the AOP CAT agreement provides coverage of approximately $95.6 million for a first event, or $170.4 million in the aggregate.
In addition to the AOP CAT agreement, ACIC, again through AmCoastal, has renewed its catastrophe aggregate excess of loss agreement (CAT Agg agreement), which provides coverage for in-force, new and renewal business.
Effective January 1, 2026, the CAT Agg provides $40 million of aggregate limit, with a $20 million per-occurrence cap, excess of zero once the $40 million annual aggregate deductible has been exceeded.
The agreement, which is in line with 2025’s, limits the firm’s losses from all catastrophe loss events, including named windstorms, severe convective storms and winter storm events, for the full year ending December 31, 2026.
The cost of the agreement is, however, down to approximately $4.9 million, from $6.6 million a year ago.
