American Coastal Insurance Corporation announced on February 20 2026 that Troy Crawford, MBA, CPCU, CLU, will serve as the company’s new Chief Underwriting Officer, effective February 17 2026. Crawford’s appointment follows his prior role as Chief Underwriting Officer of ACIC’s operating carrier, American Coastal Insurance Company, where he oversaw underwriting strategy and portfolio performance.
Crawford brings more than 30 years of experience leading property and casualty P&L portfolios at major carriers such as Nationwide Insurance, The Hartford and Westfield. His background in underwriting and risk selection aligns with ACIC’s focus on disciplined, high‑margin commercial residential property coverage in Florida’s hurricane‑exposed market.
The appointment signals ACIC’s intent to centralize underwriting leadership and reinforce its selective growth strategy. President and CEO B. Bradford Martz noted that the company finished the year with earnings of $26.6 million for the quarter and $106.8 million for the full year, exceeding 2025 guidance. He emphasized that underwriting results remain strong, with both quarterly and full‑year underlying combined ratios outperforming the 65 % target. CFO Svetlana Castle added that the combined ratio was 58.6 % for the quarter and 60.1 % for the full year, underscoring the company’s disciplined underwriting discipline.
ACIC’s recent financial performance illustrates the effectiveness of its underwriting focus. Net income grew 437 % in Q4 2025 and 41.4 % for the full year, driven by a 58.6 % combined ratio in Q4 and 60.1 % for the year, both below the 60 % threshold. The strong results reflect disciplined pricing, effective risk selection, and cost control, all of which Crawford will oversee across the enterprise.
Beyond its core Florida commercial residential portfolio, ACIC is expanding into the excess and surplus market through its newly established carrier, ACES Specialty Insurance Company. This diversification aims to broaden revenue streams while maintaining the high underwriting standards that have defined the company’s competitive moat.
Florida’s insurance market has undergone significant reforms that have stabilized the industry after years of losses and insurer insolvencies. ACIC’s partnership with AmRisc Group, a specialist managing hurricane‑exposed properties, positions it to benefit from the improved profitability environment while mitigating catastrophe exposure.
The appointment of Troy Crawford underscores ACIC’s confidence in its underwriting strategy and its commitment to sustaining profitability in a highly regulated and risk‑intensive market. By placing a seasoned underwriting executive at the helm, the company signals its readiness to navigate future market challenges and capitalize on growth opportunities.
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