American Coastal Insurance

What American Coastal Insurance does

American Coastal Insurance Company is a Florida-domiciled property and casualty insurer and wholly owned subsidiary of American Coastal Insurance Corporation (Nasdaq: ACIC), founded in 2007 to write commercial residential property insurance in Florida. The company is the largest voluntary writer of commercial residential property in the state, serving four core customer segments — garden-style condominiums and homeowner associations, apartment communities, and assisted and independent living facilities — all in catastrophe-exposed Florida. The product portfolio is distributed exclusively through two managing general agents: AmRisc Group handles condo and HOA business via retail agents and brokers, while Skyway Underwriters handles apartment and assisted living business via appointed wholesale brokers using a proprietary risk-scored intake portal with aerial inspection-driven pricing.

The carrier's underlying technology platform combines a proprietary risk-scored intake portal at Skyway (scoring building age, construction class, mitigation features, and loss history) with the third-party ResiQuant AI-powered catastrophe underwriting engine, deployed to enable rapid, high-volume coastal wind underwriting. Pricing is quote-based on property risk characteristics and hurricane mitigation features per Florida Statute 627.0629, with annual billing cycles. The admitted carrier status grants access to the Florida Hurricane Catastrophe Fund at below-market rates, layered with a $1.918 billion catastrophe reinsurance tower (carrier retention, FHCF participation, A− or better rated traditional reinsurance, and $200M in multi-year catastrophe bonds) rebuilt annually on June 1.

American Coastal's revenue model is recurring premium-based across its commercial residential book, with FY2025 total revenues of $335.4M and a stable 27% net income margin. The company is expanding into the Excess & Surplus market through Skyway with a target of $50–80M in written premiums for 2026, applying the same catastrophe underwriting discipline to adjacent specialty property classes. Customer-facing claims intake is handled via Sedgwick for Skyway-serviced policies and through AmRisc for condo and HOA policies. Financial strength is rated A Exceptional by Demotech and A− Positive by KBRA, recognized by Fannie Mae, Freddie Mac, HUD, and the Florida OIR.

Name

American Coastal Insurance

Legal name

American Coastal Insurance Company

Website

https://amcoastal.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

American Coastal Insurance is a Florida-domiciled admitted property and casualty insurer, founded in 2007 and the largest voluntary writer of commercial residential property in the state, serving condominiums, homeowner associations, apartment communities, and assisted living facilities exclusively through two managing general agents.

Ownership category

akta.pro rank

Product category

Commercial Property Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Property Insurance (FSAJACAE)

Keywords

• Commercial property insurance
• Catastrophe reinsurance
• Hurricane windstorm insurance
• Condo association insurance
• Admitted Florida insurer

Headquarters

HQ city

St. Petersburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Residential Property Insurance Premiums: American Coastal Insurance generates revenue through insurance premiums from commercial residential property policies covering condominiums, homeowner associations, apartments, and assisted living facilities in Florida. The company maintains a stable 27% net income margin. Q1 2026 total revenues were $71 million, with gross written premium of $149.4 million.
2. Excess and Surplus (E&S) Market Premiums: The company is expanding into the E&S market through Skyway Underwriters with a target of $50-80 million in written premiums for 2026. Already assumed approximately $6.2 million of E&S business through AmRisc portfolio participation in Q1 2026. E&S writings backstop up to 5% of AmRisc's portfolio.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

American Coastal Insurance Company is a Florida-domiciled admitted property and casualty insurer that underwrites commercial residential property coverage—condominiums, homeowner associations, apartment communities, and assisted living facilities—exclusively through two managing general agents (AmRisc Group for condo/HOA and Skyway Underwriters for apartment/assisted living). The company backs every policy with a multi-layered catastrophe reinsurance tower rebuilt each June 1 and is the largest voluntary writer of commercial residential property in Florida.

Product overview

American Coastal Insurance offers a portfolio of three commercial residential property insurance products in Florida, distributed exclusively through two managing general agents: AmRisc Group handles Condo & HOA insurance for garden-style condominiums and homeowner associations, while Skyway Underwriters handles Apartment and Assisted Living property insurance. The company is expanding into Excess & Surplus (E&S) specialty property lines. All products are backed by a multi-layer catastrophe reinsurance tower including carrier retention, Florida Hurricane Catastrophe Fund participation, A− or better rated reinsurers, and catastrophe bonds.

Differentiator

Problem solved

Functional benefit

Brands

• AmRisc Group: Exclusive MGA for condominium and HOA business distribution
• Skyway Underwriters
• Skyway

Products and services

• Condo & HOA Insurance Property insurance for Florida garden-style condominiums and homeowner associations built to current Florida wind standards; underwritten through AmRisc Group with hurricane mitigation credits and ISO Special Perils coverage.
• Apartment Property Insurance Property insurance for Florida apartment communities underwritten through Skyway Underwriters' risk-scored portal with aerial inspection-driven pricing; covers building, contents, business income, sinkhole, wind-driven precipitation, and sewer backup.
• Assisted Living Facility Insurance Property-only coverage for Florida assisted and independent living facilities underwritten through Skyway Underwriters using ResiQuant-powered wind underwriting; targets risks consistent with the apartment book.
• Excess & Surplus (E&S) Program Expansion into the Excess and Surplus specialty property market through Skyway Underwriters, with American Coastal backstopping up to 5% of AmRisc's E&S portfolio; applies catastrophe underwriting discipline to adjacent specialty property classes in catastrophe-exposed regions.

Quantifiable outcome

• 66% combined ratio in Q1 2026 demonstrating disciplined underwriting
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• ResiQuantcoreTechnology or Integration · 27 January 2026Skyway Underwriters (AI-native MGA backed by American Coastal Insurance Company) partnered with ResiQuant, a venture-backed AI insurtech, to deploy ResiQuant's catastrophe underwriting platform across Skyway's Florida apartment and assisted living programs. The platform combines automated workflows with building-level risk intelligence to enable rapid, high-volume coastal wind underwriting without sacrificing precision. Skyway and ResiQuant plan to deepen the partnership as Skyway expands its footprint in specialty property lines covering catastrophe-exposed regions.
• AmRisc GroupcoreChannel Partner/ Reseller/ DistributorExclusive managing general agent for American Coastal's condominium and HOA business. One of the largest MGAs in the country specializing in hurricane-exposed properties. Handles submissions, quoting, and binding for the condominium and homeowner association book. Works with retail agents as well as brokers. Claims handled through AmRisc online portal.
• Skyway UnderwriterscoreChannel Partner/ Reseller/ DistributorExclusive managing general agent for American Coastal's apartment and assisted living business. An AI-native MGA focused on catastrophe-exposed risk, running a proprietary risk-scored underwriting portal. Appointment limited to select wholesale brokers only. Also handles E&S program expansion. WSIA member.
• Florida Hurricane Catastrophe Fund (FHCF)coreOthersState-managed catastrophe fund providing reinsurance at regulated, below-market rates available to admitted Florida residential carriers. Participation in the FHCF sits in the middle layer of American Coastal's catastrophe reinsurance tower, providing a structural cost-of-capital advantage over E&S writers who cannot access the fund on the same terms.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Heritage Property & Casualty Insurance: Florida-domiciled property and casualty insurer focused on personal and commercial residential property in catastrophe-exposed regions. Direct competitor for Florida windstorm and commercial residential business with similar MGA-style distribution models.
• Florida Peninsula Insurance Company: Florida-only admitted insurer specializing in homeowners and condo/windstorm coverage. Comparable admitted carrier competing in the same Florida catastrophe-exposed residential property market with similar financial strength rating positioning.
• Tower Hill Insurance Group: Florida-focused property and casualty insurance holding company writing homeowners and commercial residential through affiliated carriers. Comparable Florida market focus and admitted-carrier distribution model.
• Universal Insurance Holdings (UPCIC): Florida-domiciled P&C insurer writing homeowners and commercial residential property through Universal Property & Casualty Insurance Company. Publicly traded (UVE) Florida peer with similar catastrophe-exposed book.
• HCI Group (Homeowners Choice): Florida-focused property insurer writing residential and commercial residential coverage through its subsidiary carriers. Publicly traded (HCI) with comparable Florida concentration and admitted carrier business model.
• Security First Insurance Company: Florida-domiciled P&C insurer specializing in residential property including condominium and homeowner association coverage. Directly competes in the Florida commercial residential property market segment.

Broad incumbents

• Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort and largest property insurer in the state. While not a direct voluntary-market competitor, Citizens' depopulation programs and residual-market role shape the competitive landscape for voluntary carriers like American Coastal.
• Travelers Companies: National P&C insurance incumbent writing commercial property, including coastal and multi-peril commercial residential risks. Relevant broad incumbent for benchmarking commercial residential underwriting expertise and reinsurance program scale.
• Chubb Limited: Global P&C insurer with a strong commercial property franchise including high-net-worth residential and condo/HOA coverage. Provides benchmark for large-scale catastrophe underwriting discipline and reinsurance tower sophistication.

Others

• AmRisc Group: Wholly-owned subsidiary MGA of American Coastal Insurance, but historically one of the largest independent MGAs in the country for hurricane-exposed properties. Listed as a related-party peer given its role as both exclusive distributor and historical industry benchmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/american-coastal-insurance-corporation

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Coastal Insurance