American Coastal enters agreement to sell personal lines subsidiary Interboro
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American Coastal enters agreement to sell personal lines subsidiary Interboro

Kyoung-son Song
14 November 2023
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American Coastal Insurance told analysts on its Q3 earnings call that it has entered a non-binding agreement to sell personal lines subsidiary Interboro Insurance at book value, or approximately $23mn.

The final purchase price will be determined at closing, which is expected to take place in roughly six months.

“We

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