other material
confidence high
sentiment positive
materiality 0.65
ACIC renews AOP CAT reinsurance with lower costs and attachment point; adds CAT Agg
AMERICAN COASTAL INSURANCE Corp
- Renewed AOP CAT effective Jan 1, 2025: $90M limit excess of $10M attachment point (down $4M from $14M YoY).
- AOP CAT cost ~$11.9M, risk-adjusted -8% YoY; aggregate coverage $176.4M for two events, +2.6% YoY.
- New CAT Agg agreement: $40M aggregate limit (with $20M per occurrence cap) excess of $40M deductible, cost ~$6.6M.
- Consolidated retention $9.8M per occurrence via Shoreline Re participation.