American Coastal
-
The closing of the Interboro sell-off was postponed to nearer the end of the year.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The transfer is intended to allow Brad Martz to “focus on his position as president of American Coastal,” the company said in a regulatory filing.
-
The agreement provides coverage for in-force, new and renewal business, with up to $100mn of limit excess of $10mn per occurrence.
-
A non-binding term sheet was signed on October 6, whereby the buyer will acquire 100% of Interboro’s issued and outstanding securities in exchange for cash.
-
The Inside P&C news team runs you through the earnings results for the day.
-
The Inside P&C news team runs you through the earnings results for the day.
-
ACIC’s program offers sufficient coverage for approximately a one-in-167-year event and a one-in-100-year event followed by a one-in-50-year event in the same season, the company said.
-
Forecasts for “near-normal” activity may mean the chance at a reprieve for the Florida market, but a history of underestimates warrants caution.
-
The company now expects to file the quarterly report on or before May 22.
-
The company is also nearing completion of Interboro Insurance Company’s program renewal.
-
United said it will require additional time to finalize its financial statements and disclosures “related to subsequent events”.