By Dean Seal
The chief financial officer of American Coastal Insurance is handing the role to a new hire to focus on his position as the company’s president.
The property and casualty insurance holding company said Thursday that Brad Martz has stepped down as CFO and will shift his responsibilities to strategic initiatives and investor relations. The company has hired Svetlana Castle to be its next CFO, effective Jan. 22.
American Coastal has also promoted Andy Gray, its current vice president of enterprise risk management, to the newly created role of chief compliance and risk officer.
Write to Dean Seal at dean.seal@wsj.com