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American Coastal Insurance Corporation Completes Sale of Interboro Insurance Company to Forza Insurance Holdings, LLC

Apr 01, 2025•about 1 year ago

Contract Type

partnership

St. PetersburgInsurance

Description

American Coastal Insurance Corporation (ACIC) announced the completion of the sale of Interboro Insurance Company to Forza Insurance Holdings, LLC. The company received approximately $26.4 million in cash from Forza based on the estimated equity of IIC, marking a strategic shift towards focusing on underwriting commercial residential property insurance.

Company Information

Company

American Coastal Insurance Corporation

Location

St. Petersburg, Florida, United States

About

American Coastal Insurance Corporation® (ACIC) is a publicly traded holding company (Nasdaq: ACIC) founded in 2007 that underwrites commercial residential property and casualty insurance policies in the United States through its wholly owned insurance subsidiary, American Coastal Insurance Company (AmCoastal).

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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