---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-24-000045"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:35:22.502473+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ACIC agrees to sell subsidiary Interboro Insurance to Forza at equity value; subject to NYDFS approval

## Summary
- ACIC to sell 100% of Interboro Insurance Company to Forza Insurance Holdings.
- Purchase price equals IIC's GAAP shareholders' equity at closing; no fixed dollar amount given.
- Closing conditions include NYDFS approval of Forza's acquisition of control and new rate/form filing.
- Concurrent service agreements with SageSure for policy administration and claims services.

## SEC filing metadata
- accession: 0001401521-24-000045
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/uihc-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-24-000045
- JSON: https://secwatch.observer/filing/0001401521-24-000045.json
- Plain text: https://secwatch.observer/filing/0001401521-24-000045.txt

## Key facts
- Material Agreements
  AMERICAN COASTAL INSURANCE Corp entered into Administrator Agreement with SageSure Insurance Managers, LLC (effective 2024-05-09).
  - Action: entry
  - Counterparty: SageSure Insurance Managers, LLC
  - Effective: 2024-05-09
  source text: In addition, in connection with the Sale Agreement, IIC and SageSure Insurance Managers, LLC entered into a Program Administrator Agreement (the "Administrator Agreement"), dated as of May 9, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm
- Material Agreements
  AMERICAN COASTAL INSURANCE Corp entered into Claims Agreement with SageSure Capital Holdings, Inc. (effective 2024-05-09).
  - Action: entry
  - Counterparty: SageSure Capital Holdings, Inc.
  - Effective: 2024-05-09
  source text: IIC entered into a Claims Services Agreement (the "Claims Agreement") with SageSure Capital Holdings, Inc., dated as of May 9, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm
- Material Agreements
  AMERICAN COASTAL INSURANCE Corp entered into Sale Agreement with Forza Insurance Holdings, LLC (effective 2024-05-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Forza Insurance Holdings, LLC
  - Effective: 2024-05-09
  source text: On May 9, 2024, American Coastal Insurance Corporation (“ACIC” or the “Company”) entered into a Stock Purchase Agreement (the "Sale Agreement") with Forza Insurance Holdings, LLC ("Forza") in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of ACIC's subsidiary, Interboro Insurance Company ("IIC").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.