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  6. AmCoastal Acquires American Coastal Insurance

M&A Deal Summary

AmCoastal Acquires American Coastal Insurance

On August 17, 2016, AmCoastal acquired insurance company American Coastal Insurance

Acquisition Highlights
  • This is AmCoastal’s 3rd transaction in the Insurance sector.
  • This is AmCoastal’s 3rd transaction in the United States.
  • This is AmCoastal’s 1st transaction in Florida.

M&A Deal Summary
Date 2016-08-17
Target American Coastal Insurance
Sector Insurance
Buyer(s) AmCoastal
Deal Type Add-on Acquisition

Target

American Coastal Insurance

Sunrise, Florida, United States
American Coastal Insurance Co. is a specialty underwriter focused primarily on the commercial residential property insurance market in Florida. ACIC has a long term exclusive agreement with AmRisc, LLC, the largest commercial windstorm MGA in the United States, which serves as the sole managing general agent to source and administer business for ACIC. In 2015, ACIC reported $308.5 million of direct premium written, $36.5 million in after-tax GAAP earnings, and finished the year with $195.8 million of tangible book value.

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Buyer(S) 1

Buyer

AmCoastal

St. Petersburg, Florida, United States
Category Company
Founded 1999
Sector Insurance
Employees65
Revenue 297M USD (2024)
DESCRIPTION

American Coastal Insurance is a homeowners insurance company provides a diversified book of business in coastal areas from Texas to Maine that is currently writing in eight states and licensed in eighteen states. American Coastal Insurance was founded in 1999 and is based in St. Petersburg, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Interboro Insurance

Mineola, New York, United States

Interboro Insurance Co., Inc. is a personal lines property and casualty insurer offering automobile and homeowners insurance to residents. The company provides insurance to consumers through over one hundred independent brokers.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 United Property & Casualty Insurance

Connecticut, United States

United Property & Casualty Insurance Co. operates an insurance business in the states of Connecticut, New Jersey, Massachusetts, and Rhode Island.

Sell -
Mergr

Product

Company

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