American Coastal Locks in Long-Term AmRisc Partnership with No-Fixed-Term Deal — American Coastal Insurance Corporation

Event summary

American Coastal and AmRisc restructured their exclusive managing agency agreement effective July 1, 2026, removing the fixed expiration date.
The new agreement features successive one-year terms with automatic renewal and requires 48 months’ notice for termination.
AmRisc has been AmCoastal’s exclusive distribution and underwriting partner since 2007, managing Florida commercial-residential portfolios and excess and surplus lines.
The agreement secures AmRisc as the primary distribution source for American Coastal’s core Florida franchise.

The big picture

The restructuring of the AmRisc agreement underscores American Coastal’s commitment to securing its core distribution channel, particularly in Florida’s volatile insurance market. This move aligns with broader industry trends where insurers are fortifying long-term partnerships to navigate regulatory and climatic risks. The agreement’s indefinite nature provides American Coastal with operational certainty, but it also heightens scrutiny on AmRisc’s performance and the resilience of their underwriting model.

What we're watching

Partnership Stability: How the removal of a fixed expiration date will affect the long-term stability and performance of the AmRisc partnership.
Market Dynamics: Whether American Coastal can sustain its underwriting profit streak amid Florida’s hurricane-exposed property market.
Regulatory Compliance: The pace at which regulatory changes might impact the excess and surplus lines portfolio managed by AmRisc.