American Coastal Insurance Corporation Receives Certificate of Authority for ACES Specialty Insurance Company
ACES plans to underwrite catastrophe-exposed commercial property business across three states.
Sentiment and the balance of points
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Rhea-AI Summary
American Coastal Insurance Corporation (ACIC) announced that its new subsidiary, ACES Specialty Insurance Company, received Arizona authorization to transact excess and surplus insurance.
Initial plans cover catastrophe-exposed commercial property in Florida, Texas and South Carolina. ACES expects to begin writing business on or about December 1, 2026, subject to regulatory, rating agency and operational requirements.
Positive
- Minor pointACES Specialty Insurance Company received Arizona authorization to transact excess and surplus insurance.
- Minor point. Forward-looking: it has not happened yet and may not happen.Initial underwriting plans cover catastrophe-exposed commercial property in Florida, Texas and South Carolina.
- Minor point. Forward-looking: it has not happened yet and may not happen.ACES expects to begin writing business on or about December 1, 2026.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.ACES’s planned start remains subject to regulatory, rating agency and other operational requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST. PETERSBURG, Fla., Oct. 08, 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, today announced that its newly formed subsidiary, ACES Specialty Insurance Company (“ACES”), has received a Certificate of Authority from the Arizona Department of Insurance and Financial Institutions to transact excess and surplus (“E&S”) lines of insurance.
The Company initially plans to underwrite catastrophe exposed commercial E&S property business through ACES in Florida, Texas, and South Carolina, building on AmCoastal’s experience in coastal commercial property.
“Receiving ACES’s Certificate of Authority is an important milestone for American Coastal and marks the start of a bold new chapter for our organization’s long-term strategy,” said Brad Martz, President and Chief Executive Officer. “With ACES, we can now serve a much wider range of commercial property risks in markets we know well. We built this platform along with our in-house managing general agency, Skyway Underwriters, carefully and with purpose, and we’re excited to put it to work for our agents, policyholders, and shareholders.”
ACES expects to begin writing business on or about December 1, 2026, subject to customary regulatory, rating agency, and other operational requirements.
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What authorization did American Coastal’s ACES Specialty Insurance Company receive?
ACES received a Certificate of Authority from the Arizona Department of Insurance and Financial Institutions to transact excess and surplus lines of insurance.
When does American Coastal’s ACES expect to begin writing insurance business?
ACES expects to begin writing business on or about December 1, 2026, subject to customary regulatory, rating agency and other operational requirements.