American Coastal Insurance Corp. (ACIC) has successfully renewed its core catastrophe reinsurance programme for the 2026/27 period. The renewal includes approximately $1.918 billion of occurrence-based limit in the aggregate, reflecting a 14.4% increase from the previous year.
The renewed Core CAT programme was facilitated through ACIC's insurance subsidiary, AmCoastal. The increase in coverage amounts to $241.5 million compared to the prior year's limits. This adjustment comes as ACIC capitalises on the shifting dynamics within the reinsurance market, positioning itself to better manage potential catastrophic events.
The Core CAT programme is a critical component of ACIC's risk management strategy, providing essential protection against large-scale losses. The significant increase in coverage underscores the company's commitment to enhancing its reinsurance capacity in a challenging environment.
Key Takeaways
Based on reporting by Reinsurance News. All facts sourced from the original article.