The Board of Directors of Anchor Insurance Holdings have appointed John Rollins as Chief Executive Officer.
Anchor was a provider of insurance coverage to homeowners in need, particularly those who live in storm-prone areas.
The firm previously offered home insurance in 13 states, including South Carolina, Georgia, Mississippi, Louisiana, Texas, Oklahoma, Tennessee, Kentucky, Indiana, Missouri, New Mexico, Arizona, and Florida.
Meanwhile, Rollins’ storied career in the insurance industry spans over three decades, where he has been chiefly based in Florida.
He has worked in an array of senior positions throughout the years, including CFO, CUO, and Chief Risk Officer roles at private-sector and state-backed (Florida Citizens) property insurers, MGAs, global consulting firms, and catastrophe modelling technology and venture capital firms.
Most recently, Rollins was Director – Ventures, at Evans Insurance Holdings, a position he held for almost two years.
He has also operated as CFO at Gemini Financial Holdings Corp, as an Actuary at Milliman, and as Executive VP and Chief Risk Officer at Cabrillo Coastal General Insurance Agency. From 2013 to 2017, Rollins was Chief Risk Officer at Citizens Property Insurance Corporation.
Additionally, he has served on the Board of Florida Citizens, published several prize-winning papers, written numerous op-eds and educational articles, and testified to Congress and several state legislatures.
Rollins officially joined Anchor on the 1st of October 2023. The firm’s property insurer subsidiary, Anchor P&C Insurance Company, is domiciled in Florida and, after writing homeowners’ insurance in Florida and several other states from 2014-2019, sold its Texas-domiciled affiliate (Anchor Specialty Ins Co), then sold its renewal rights to all policies within Florida written by Anchor P&C in early 2020 and voluntarily entered Public Administrative Supervision by the Florida Office of Insurance Regulation (OIR) in spring 2020.
The firm noted that although Anchor P&C does not currently offer insurance to new policyholders anywhere, it has effected a fully solvent runoff of nearly all its open claims for the past three-plus years.
The supervision period has been extended over ten times by OIR while this was accomplished. Anchor explained that an array of future business plans are being considered by the Board at this time.
