ACIC Filings — American Coastal Insurance Corporation - FilingSpy
ACIC
American Coastal Insurance Corporation
A Florida-based holding company that writes property insurance for condominium associations, homeowners' associations, apartments, and assisted-living facilities — it is the largest voluntary-market writer of commercial residential property insurance in the state. Its roots trace to a company founded in 1999 that long traded as United Insurance Holdings, rebranding to American Coastal in 2023 to match its core "AmCoastal" business. A fun twist: the name change came months after one of its old personal-lines subsidiaries was declared insolvent, letting the holding company move forward under its surviving specialty carrier.
American Coastal Insurance stockholders elect five Class B directors and ratify Deloitte as auditor at 2026 annual meeting
At the May 29, 2026 annual meeting, 42,734,499 shares were voted out of 48,342,811 outstanding and entitled shares.
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Stockholders elected Alec L. Poitevint, II, Kern M. Davis, M.D., William H. Hood, III, Patrick F. Maroney, and Deirdre A. Brown as Class B directors for two-year terms ending at the 2028 annual meeting.
Each director nominee received over 32.5 million votes for, with the highest vote total being 34,144,228 for Patrick F. Maroney.
Stockholders ratified the appointment of Deloitte & Touche, LLP as independent auditor for fiscal year 2026, with 42,667,555 votes for and 22,174 against.
The report was filed under Item 5.07 to disclose the results of the stockholder votes on these two proposals.
5.07 Submission of Matters to a Vote of Security Holders
American Coastal Insurance renews 2026/27 Core CAT reinsurance program with $1.918B limit, up 14.4%.
Effective June 1, 2026, ACIC renewed its Core CAT program through subsidiary AmCoastal, increasing aggregate occurrence-based limit to approximately $1.918 billion, up $241.5 million (14.4%) from the prior year.
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The program includes $200 million of new multi-year catastrophe bond limit in two $100 million tranches, one below/alongside the FHCF layer and one at the top of the program.
A multi-year external quota share at a 15.0% cession rate was placed with an unaffiliated A+ rated reinsurer covering all catastrophe perils and attritional losses.
First event retention is up to $49 million (15.4% of stockholders' equity as of Dec 31, 2025), with $26.5 million retained by AmCoastal and $22.5 million by the affiliated captive.
Total provisional cost of the 2026/27 catastrophe excess of loss programs, excluding the quota share, is approximately $179.5 million, down 11.1% from $201.85 million in 2025/26.
American Coastal Insurance announces board departure and new Chief Underwriting Officer
Sherrill W. Hudson will not seek re-election to the Board and will serve until the 2026 Annual Meeting.
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Deirdre A. Brown, CPA, has been nominated to fill the board vacancy at the 2026 Annual Meeting.
Troy Crawford was appointed Chief Underwriting Officer on February 17, 2026.
Crawford entered into an at-will Employment Agreement with a one-year initial term and automatic renewals.
Crawford is eligible for an annual base salary, discretionary cash bonuses, and senior executive benefits.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
American Coastal Insurance files 8-K with investor presentation detailing AmRisc E&S partnership and 2026 guidance.
The company plans to assume a 6% net quota share of AmRisc's nationwide E&S commercial property portfolio, with projected 2026 E&S gross premium written of $75 million.
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American Coastal Insurance Corporation furnished an investor presentation on January 14, 2026, for use in meetings with investors and analysts.
ACIC is forming ACES Specialty Insurance Company, an Arizona surplus lines insurer capitalized with a $30 million cash contribution, expected operational in 2026.
The company provided 2026 full-year guidance of $335M-$365M total revenue and $85M-$100M earnings before income tax.
ACIC paid a special cash dividend of $0.75 per share on January 9, 2026, to shareholders of record on January 2, 2026.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
American Coastal renews catastrophe reinsurance agreements effective January 1, 2026.
American Coastal Insurance Corporation renewed its AOP CAT agreement effective January 1, 2026, providing up to $95.6 million in coverage excess of a $10.0 million attachment point.
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The AOP CAT agreement costs approximately $11.4 million, including reinstatement premium protection, and covers losses from catastrophe events other than named windstorms and earthquakes.
The company also renewed its CAT Agg agreement effective January 1, 2026, providing $40 million of aggregate limit (with a $20 million per occurrence cap) after a $40 million annual aggregate deductible.
The CAT Agg agreement costs approximately $4.9 million and covers all catastrophe loss events, including named windstorms, severe convective storms, and winter storms for the full year ending December 31, 2026.
Both agreements were renewed through the company's wholly owned subsidiary, American Coastal Insurance Company, and cover in-force, new, and renewal business.