AmCoastal Insurance Company
American Coastal Insurance Company (“AmCoastal”) was founded in 2007 with the initial purpose of insuring Condominium and Homeowner Association properties in the state of Florida and has more recently expanded its portfolio to include apartment properties. We do this through two exclusive partnerships:
AmRisc Group – one of the largest Managing General Agents in the country, specializing in hurricane-exposed properties, and
Skyway Underwriters – A newly-formed Managing General Agent specializing in bringing solutions to catastrophe-exposed areas.
Catastrophe exposure management is critical to companies writing hurricane-exposed properties. AmCoastal’s reinsurance protection is two times the Florida minimum requirements. We have designed the catastrophe reinsurance protection to meet or exceed the standard protection levels for AM Best “A” rated carriers, and plan to maintain this approach in the future. Catastrophe reinsurance is provided by a commercial placement with all “A-” or better rated or fully collateralized reinsurers and the Florida Hurricane Catastrophe Fund.
Financial Stability Rating® of A, Exceptional, From Demotech
American Coastal Insurance Company has earned a Financial Stability Rating of A, Exceptional, from Demotech. Financial Stability Ratings (FSRs) are a leading indicator of the financial stability of Property and Casualty (P&C) insurers. Demotech’s FSRs are recognized by Fannie Mae, Freddie Mac and HUD. Read more about our proven financial stability.
KBRA upgrades the Issuer Rating to BBB- from BB+ for American Coastal Insurance Corp (ACIC) and upgrades the Debt Rating to BBB- from BB+ for ACIC's $150 million 10-year 6.25% senior unsecured notes due 2027. KBRA also affirms the Insurance Financial Strength Rating (IFSR) of A- for American Coastal Insurance Company (AmCoastal). The Outlook for all ratings has been changed to Positive from Stable.
