Florida-based American Coast Insurance Company (ACIC) has renewed its 2026 All Other Perils Catastrophe Excess Loss Agreement (AOP CAT Agreement), providing up to $95.6 million in excess occurrence limits beyond the $10 million attachment point to limit ACIC’s losses from catastrophe loss events other than designated storms and earthquakes.
The AOP CAT program, offered through American Coastal Insurance Company, ACIC’s wholly-owned insurance subsidiary, offers $90 million per coverage on a 2025 renewal basis, above a $10 million add-on point.
The new agreement provides coverage for active business, new business and renewal business at a cost of approximately $11.4 million, including restoration premium coverage.
Excluding ACIC’s retainer, the AOP CAT agreement provides approximately $95.6 million in coverage for the first event, for a total of $170.4 million.
In addition to the AOP CAT agreement, ACIC has again renewed its Catastrophic Total Excess Loss Agreement (CAT Agg Agreement) through AmCoastal, which provides coverage for in-force, new and renewal business.
Beginning January 1, 2026, CAT Agg provides an aggregate limit of $40 million, with a per-occurrence cap of $20 million, and zero excess once the total annual deductible of $40 million is exceeded.
The agreement, consistent with the 2025 agreement, limits the company’s losses for all catastrophic loss events, including named storms, severe convective storms and winter storm events, for the full year ending Dec. 31, 2026.
However, the cost of the agreement fell to about $4.9 million from $6.6 million a year ago.
