American Coastal sees 'huge growth opportunity' as new E&S carrier prepares for December start

By Navneeta Nandan Oct 14 (The Insurer) — American Coastal sees "huge growth opportunity" as its new excess and surplus carrier prepares for December start, after finalising a fronting partnership with an unaffiliated carrier that will provide managing general agency Skyway with A-rated paper and allow immediate access to its capacity, president and CEO Brad Martz said. In an investor call on Tuesday, Martz added that American Coastal has entered into a long-term agreement with AmRisc to keep its exclusive arrangement in Florida for condo business, more perpetual in nature versus what used to be a rolling five-year term. As announced in September, effective July 1, 2026, the fixed expiration date in its exclusive managing agent agreement has been removed. That co-participation arrangement will add roughly $70 million of new premium to ACIC in the first full year of operation, Martz said. Skyway is American Coastal's wholly owned and controlled MGA platform, with similar underwriting and claims handling capacity as AmRisc. It writes condominium business outside of Florida plus all other classes of commercial property in every state, including Florida. Martz said that the company was