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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).
St. PetersburgInsurance