ACIC · American Coastal Insurance Corporation

American Coastal Insurance Corporation (ACIC) announced the renewal of its core catastrophe reinsurance program effective June 1, 2026, through its subsidiary American Coastal Insurance Company. The program includes $1.918 billion of occurrence-based limit, a 14.4% increase from the prior year, driven by $200 million in new multi-year catastrophe bonds and a 15% external quota share with an A+ rated reinsurer. The first event retention rose to $49 million (15.4% of equity), while the second event retention increased to $25 million. Notably, the total provisional cost decreased 11.1% to $179.5 million, and maximum reinstatement premium exposure fell 84% to $0.9 million, reflecting improved pricing and structure. The program covers all catastrophe perils and includes a cascading limit of $435 million for multiple events. ACIC also elected 90% coverage under the FHCF contract, providing $571.5 million in Florida-only coverage. These enhancements strengthen ACIC's risk management and financial stability, positioning it to better withstand catastrophic events while reducing cost volatility.