American Coastal Insurance (ACIC) is a specialty property insurer focused almost entirely on commercial residential property insurance in Florida. Its core product is multi-peril property insurance for low-rise condominium associations, covering buildings and contents against wind, fire, hail, water damage, theft, and vandalism. ACIC targets newer, well-maintained, low-rise garden-style condos primarily in Southeast Florida (Miami-Dade, Broward, and Palm Beach counties). ACIC does not sell directly to policyholders; it distributes exclusively through managing general agents and wholesale brokers, with its condo business written entirely through an exclusive partnership with AmRisc, a third-party MGA. ACIC earns underwriting profit by collecting premiums and paying claims, with reinsurance — including through the state-backed Florida Hurricane Catastrophe Fund — central to managing catastrophic hurricane exposure. ACIC has been gradually reducing its gross catastrophe quota share, retaining more premium and risk as its balance sheet strengthens, and uses a captive reinsurer to accumulate underwriting profits in a capital-efficient structure. Beyond condos, ACIC is expanding into Florida apartment buildings and assisted living facilities, both distributed through its affiliated MGA, Skyway Underwriters. ACIC is also establishing a new non-admitted carrier, ACES, to write commercial residential property outside Florida, initially targeting South Carolina and Texas, and has entered a quota share arrangement with AmRisc to participate in AmRisc's nationwide E&S commercial property portfolio.