American Coastal
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The new agreement provides $40mn of aggregate limit excess of zero. -
The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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Shares gained after Hurricane Milton did less damage than anticipated.
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Milton threatens to make landfall in Florida shortly after Helene.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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The Insurance Insider US news team runs you through the earnings results for the day.
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AmCoastal also cut its board down to five members, including two new appointments.
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The company plans to reduce its quota share to 20% from 40%.
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The Insurance Insider US news team runs you through the earnings results for the day.
Related
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Q4 earnings roundup February 29: Fidelis, American Coastal
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American Coastal’s Martz hands off CFO role to Castle
January 18, 2024 -
American Coastal renews all other perils cat XoL agreement
January 09, 2024