ACES Specialty Insurance launches with $30M surplus amid E&S carrier solvency concerns
American Coastal's new E&S carrier ACES Specialty Insurance enters Florida, Texas, and South Carolina commercial property markets with $30 million policyholder surplus—a capital level analysts warn may prove insufficient for catastrophic weather events. The launch comes as reinsurance costs climb and specialty insurance carriers face intensifying scrutiny over balance sheet strength.
ViaNews Editorial Team (Markets)•