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American Coastal Insurance ( (ACIC) ) has issued an announcement.
American Coastal Insurance Corporation announced a leadership transition effective February 11, 2025. B. Bradford Martz has been appointed as the new Chief Executive Officer while retaining his position as President, a role he has held since July 2020. Mr. Martz, previously Chief Financial Officer, is expected to enhance ACIC’s market position and shareholder value. Concurrently, R. Daniel Peed will transition to Executive Chairman of the Board of Directors, focusing on strategic guidance and long-term growth. The company also approved increases in Mr. Martz’s compensation, reflecting his expanded responsibilities.
More about American Coastal Insurance
YTD Price Performance: -8.33%
Average Trading Volume: 161,958
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $572.2M
See more insights into ACIC stock on TipRanks’ Stock Analysis page.
