American Coastal Insurance Corporation Announces Restructured Exclusive Managing Agency Agreement with AmRisc, LLC

A reworked AmRisc managing agency agreement locks in a rolling four-year minimum term for ACIC’s core distribution partnership.

Rhea-AI Summary

American Coastal Insurance Corporation (ACIC) restructured the exclusive managing agency agreement between American Coastal Insurance Company and AmRisc, effective July 1, 2026, removing the contract’s fixed January 1, 2029 expiration date.

The agreement now renews automatically in successive one‑year terms and requires 48 months’ written notice from either party to terminate for convenience, ensuring the contract remains in force during the notice period and is always subject to at least a four‑year remaining term. AmRisc has served as AmCoastal’s exclusive distribution and underwriting partner for the Florida commercial‑residential portfolio since 2007.

Positive

• Rolling four-year minimum term created via automatic one-year renewals and 48-month termination notice requirement
• Exclusive AmRisc partnership formally placed on an open-ended basis with no fixed expiration date

Negative

• 48-month termination notice means ACIC cannot end the agreement for convenience on short notice

Market Context

Before publication, ACIC's prior-session move was -0.11%; the agreement was relevant to the AmRisc r...

Analysis

Before publication, ACIC's prior-session move was -0.11%; the agreement was relevant to the AmRisc relationship previously associated with E&S premium contribution in the company's Q2 results.

Key Figures

Advance termination notice: 48 months Minimum term: Four years Automatic renewal: Successive one-year terms +1 more

Advance termination notice

48 months

Restructured managing agency agreement

Minimum term

Four years

Minimum duration after a convenience-termination notice

Automatic renewal

Successive one-year terms

Agreement terms after restructuring

Effective date

July 1, 2026

Restructured agreement

Historical Context

1 past event · Latest: Aug 05

1 event

1. Aug 05

   Earnings report

   24h Move

   -6.1%

   Q2 results showed E&S business contributed $28.7 million of year-to-date premium.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

quota share, excess and surplus lines

2 terms

quota share technical

"The quota share supporting AmRisc’s nationwide E&S commercial property book"

A quota share is a proportional reinsurance arrangement in which an insurer cedes a fixed percentage of its policies, premiums and claims to another insurer so both parties take the same slice of revenue and losses. For investors, quota share deals change how much risk and income remain on a company’s balance sheet, which can smooth earnings, free up capital for growth, and alter profit margins—like handing someone a steady slice of every pie you bake.

excess and surplus lines technical

"AmRisc is also the Company’s partner in excess and surplus lines."

Excess and surplus lines refer to insurance coverage provided by specialized insurers for risks that standard insurers consider too unusual, high-risk, or hard to cover. These policies are important for investors because they help protect against rare or unexpected events that could impact financial stability or asset values, filling gaps where regular insurance options are unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Agreement Removes Fixed Expiration Date and Requires 48 Months’ Advance Notice to Terminate, Providing a Minimum Four-Year Term at All Times

ST. PETERSBURG, Fla., Sept. 14, 2026 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that AmCoastal and AmRisc, LLC (“AmRisc”) have restructured their exclusive managing agency agreement, effective July 1, 2026, to remove the agreement’s fixed expiration date. The prior agreement, extended in June 2024, was scheduled to expire on January 1, 2029.

The restructured agreement provides for successive one-year terms that automatically renew, and requires either party to provide 48 months’ advance written notice in order to terminate the agreement for convenience, with the agreement remaining in full force and effect through the notice period. As a result, the agreement has no fixed expiration date and will remain in effect for a minimum of four years from the date any such notice is given.

AmRisc has been AmCoastal’s exclusive distribution and underwriting partner since 2007. AmRisc sources and underwrites the Florida commercial-residential portfolio, and has been profitable in every year since inception. AmRisc is also the Company’s partner in excess and surplus lines. The quota share supporting AmRisc’s nationwide E&S commercial property book added premium to our growing excess and surplus portfolio. Removing the fixed expiration date secures the distribution source behind the Company’s core Florida franchise and the durability of the broader AmRisc relationship.

“AmRisc has been our exclusive distribution and underwriting partner since 2007, and this agreement puts that partnership on a permanent footing,” said Brad Martz, President & CEO. “By removing the fixed expiration date and requiring four years’ notice to terminate, we have given shareholders long-term visibility into the franchise that has produced an underwriting profit every year since inception, and a strong foundation under our most important distribution relationship.”

About American Coastal Insurance Corporation:
American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, Apartments and Assisted Living Facilities in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned an “A”, (“Exceptional”) Financial Stability Rating from Demotech and maintains an “A” insurance financial strength rating with a Stable outlook from KBRA. ACIC maintains a “BBB” issuer rating with a Stable outlook from KBRA.

Contact Information:
Alexander Baty
Vice President, Finance & Investor Relations, American Coastal Insurance Corporation
investorrelations@amcoastal.com
(727) 425-8076

Glen Akselrod
President & Founder, Bristol Investor Relations
ga@bristolir.com
(905) 326-1888