Reinsurance News
American Coastal
Troy Crawford named CUO of American Coastal Insurance Corporation
26th February 2026
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company of American Coastal Insurance Company (AmCoastal), has appointed Troy Crawford as its new Chief Underwriting Officer (CUO). In January 2025, Crawford was appointed as the CUO of AmCoastal, overseeing underwriting strategy, risk selection, and portfolio performance across the firm’s ... Read the full article
American Coastal’s net income rises 437% in Q4’25
20th February 2026
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, reported a net income of $26.6 million for the fourth quarter of 2025, representing a 437% increase from $4.9 million in the same period a year earlier. The company attributed the increase to lower losses and loss adjustment expenses ... Read the full article
American Coastal renews AOP catastrophe cover, lifts per-occurrence limit to $95.6m
8th January 2026
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 ... Read the full article
American Coastal Q3’25 net income increases to $32.5mn with improved CoR
6th November 2025
American Coastal Insurance Corporation has announced its financial results for the third quarter of 2025, reporting a net income of $32.5 million, which compares to the $28.1 million seen in the same period last year. The property and casualty insurance holding company attributed the increase in net income to gross premiums ... Read the full article
American Coastal’s net income grew 39% and CoR improved in Q2’25
8th August 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, reported a net income of $26.4 million for the second quarter of 2025, representing a 38.8% increase compared to $19.1 million in the same quarter a year earlier. The company attributed the increase in net income to higher gross premiums ... Read the full article
KBRA upgrades American Coastal Insurance Corporation to investment grade
22nd July 2025
American Coastal Insurance Corporation, the parent company of American Coastal Insurance Company (AmCoastal), has announced that Kroll Bond Rating Agency (KBRA) has raised the Company’s Issuer and Debt ratings from BB+ to BBB-, achieving investment grade status. Additionally, KBRA has reaffirmed the A- Insurance Financial Strength Rating for AmCoastal. The outlook ... Read the full article
American Coastal renews core cat reinsurance program with $1.676bn coverage
2nd June 2025
American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance program (Core CAT) for 2025/26, purchasing approximately $1.676 billion of occurrence-based limit in the aggregate, an increase of $62.4 million, or 3.9%, from 2024/25. According to ACIC, the renewed Core CAT program, facilitated through its insurance subsidiary AmCoastal, covers perils ... Read the full article
American Coastal reports $21.3m net income in Q1’25
12th May 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, has released its financial results for the first quarter of 2025, reporting net income of $21.3 million. While this figure represents a slight decrease compared to the $23.6 million seen in Q1 2024, the company highlighted a strong combined ratio ... Read the full article
ACIC completes sale of personal lines subsidiary Interboro to Forza
3rd April 2025
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, has completed the sale of its personal lines subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC. ACIC first announced the sale of New York-based Interboro in May 2024, marking the completion of the run-off of its personal ... Read the full article
ShoreOne lifts capacity with Trisura partnership
24th March 2025
ShoreOne Insurance Managers Inc., a provider of insurance solutions for coastal homeowners, has strategically partnered with Trisura Specialty Insurance Company, increasing its capacity to homeowners in select coastal regions. ShoreOne, founded in 2019, aims to address the coverage gap that flood-exposed coastal homeowners face. This latest partnership with Trisura adds a third ... Read the full article
American Coastal’s CoR increases and net income down in Q4’24
28th February 2025
American Coastal Insurance, a property and casualty insurance holding company, has released its financial results for the fourth quarter, reporting a combined ratio of 91.9% despite the devastating impact of natural catastrophes. Compared to Q4 2023, the insurer’s combined ratio increased 32pts from 59.9%. American Coastal Insurance reported a Q4 net income ... Read the full article
American Coastal renews cat XoL agreement, adds $40m of aggregate reinsurance limit
8th January 2025
Florida-based American Coastal Insurance Corporation (ACIC) has renewed its catastrophe excess of loss agreement (AOP CAT agreement), which provides up to $90 million in per-occurrence coverage above a $10 million attachment point, and has also secured $40 million in aggregate catastrophe limit at the January renewals. The AOP CAT agreement, facilitated ... Read the full article
American Coastal posts $28m net income in Q3’24, revenue climbs 56% to $82m
7th November 2024
Property and casualty (P&C) holding company, American Coastal Insurance Corporation (ACIC) has posted a $28.1 million net income for the third quarter of 2024, an improved figure compared to the $10.6 million income that was posted in the third quarter of 2023. The company said, that of this income, $27.7 million ... Read the full article
AmCoastal estimates Milton losses of $150-200m, reinstatement protects reinsurance
24th October 2024
American Coastal Insurance Corporation (ACIC) and its insurance holding company American Coastal Insurance Company (AmCoastal) estimate a gross loss range of $150 to $200 million from Milton. ACIC estimates net current accident quarter catastrophe losses incurred from Milton in Q4 2024 to be approximately $16.2 million, net of tax impacts. ACIC ... Read the full article
American Coastal announces five-year extension of MGA agreement with AmRisc
26th June 2024
American Coastal Insurance Corporation, the insurance holding company of American Coastal Insurance Company (AmCoastal) has announced that AmCoastal has entered into a five-year extension of its exclusive Managing Agency Contract (MGA Agreement) with AmRisc, LLC effective June 1, 2024, and expiring January 1, 2029, subject to regulatory approval. From what we ... Read the full article
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