secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2026-05-15T20:07:25+00:00
Accession:  0001401521-26-000031
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC renews 2026/27 catastrophe reinsurance with $1.918B limit, 14.4% increase, cost down 11.1%
--------------------------------------------------------------------------------

- Purchased $1.918B occurrence-based limit aggregate, up $241.5M or 14.4% from prior year.
- First event retention of $49M (15.4% of equity); second event retention $25M; both up from 2025/26.
- Provisional cost of excess-of-loss programs $179.5M, down 11.1% from $201.85M; max reinstatement premium $0.9M, down 84%.
- Placed new multi-year catastrophe bonds ($200M total) and 15% external quota share with A+ rated reinsurer.
- FHCF coverage elected at 90% providing $571.5M Florida-only layer attaching at $363.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152126000031/0001401521-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152126000031/acic-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001401521-26-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer