United grows E&S book with American Coastal merger

The recently announced tie-up between homeowners' carrier
United Insurance Holdings and commercial specialist American
Coastal will increase the listed Floridian's presence in the
excess and surplus lines (E&S) space.
By bringing together complementary personal lines and commercial
books, the merger of United and American Coastal is set to create
the third-largest insurer in Florida's residential property
market.
Under the terms of the agreement, shareholders in American
Coastal's parent com