Investor Presentaiton
2023-24 Core Catastrophe Reinsurance - AmCoastal
$970.3M
UPC Re's participation could increase our retention from $10m to $12.3m if Layer 1 is exhausted.
FHCF
90% of
$665.2m xs $305.1m
NIL
10% Co-Participation
$305.1M
FORA Layer 1: $33.6M xs $271.4m; Nil
FORA Layer 2: $33.6M xs $237.8m; Nil
■ Covered Perils: HU and EQ Only
$385m
$380m
Layer 6: 100% $5m xs $380m; Nil
Layer 5: 100% $5m xs $375m; Nil
■ Covered Territory: Florida Only
$375m
$250m
Layer 4: 60.0%
$125m xs $250m
Nil
Berkshire
20% QS
Arch Re
20% QS
Layer 3B: 60.0%
$125m xs $125m
Berkshire
20% QS
Arch Re
20% QS
1 Reinstatement
FORA Layer 3: $19.8M xs $218m; Nil
$125m
$218.0M
Layer 3A: 60.0% $25m xs $100m
1 Reinstatement
$100m
■ 1st and 2nd Event Retention: $6 million plus $4m Co-Participation
on Layer 1
■ Purchased approx. $1.1B of occurrence-based limit which
protects the company to the 167yr return time (AIR LTWDS). The
program provides $1.3B of aggregate limit.
■ 95% of reinstatable limit is pre-paid
■ Total net reinstatement exposure is $5.1m
■ Private market occurrence limit purchased of $371m
■ FHCF placed at 90% of $665.2m xs $305.1m
■ FORA placed at 100% of $87.1m xs $218m
■ 40% Strategic Gross Quota Share
■ 20% with Arch and 20% with Berkshire
■ Quota Shares provide ground-up CAT limit ($175m of CAT
Occurrence Limit)
Private XOL
Berkshire QS
Arch QS
Layer 2: 52.3%
$65m xs $35m
1 Reinstatement
Berkshire
27.7% QS
Arch Re
20% QS
FHCF
FORA
$35m
Layer 1: 64.0% $25m xs $10m
1 Reinstatement
$4m
Co-Par
Arch Re
20% QS
$10m
Retention: $6m
Berkshire
20% QS
Arch Re
20% QS
FHCF & FORA Inures
■ Internal participation with UPC Re on Layer 1 (9%)
American Coastal
INSURANCE CORPORATION™
☐
$675k capital required with 100% expected return
■ Included some AOP CAT coverage as well
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