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American Coastal Insurance Corporation Announces Leadership Changes
ACICUnited Insurance(ACIC) Businesswire·2024-01-18 21:15

Core Viewpoint - American Coastal Insurance Corporation has announced significant changes to its executive leadership team, aiming to enhance operations and shareholder value through new appointments and promotions [1][2]. Leadership Changes - Svetlana Castle has been appointed as the new Chief Financial Officer, effective January 22, 2024, bringing 15 years of insurance industry experience and various academic qualifications [2][3]. - B. Bradford Martz will transition from CFO to focus on his role as President, emphasizing strategic initiatives and investor relations [3]. - J. Andy Gray has been promoted to Chief Compliance and Risk Officer, a newly created position, to enhance accountability and oversight in compliance and risk management [4][5]. Company Background - American Coastal Insurance Corporation is a property and casualty insurance holding company, founded in 2007, specializing in insuring condominium and homeowner association properties in Florida [6]. - The company has a partnership with AmRisc Group for the distribution of condominium association properties and has received a Financial Stability Rating of 'A, Exceptional' from Demotech [6].