Reinsurance News
Orchid Underwriters Agency
Brown & Brown completes acquisition of Orchid & CrossCover
1st April 2022
Brown & Brown has completed its purchase of Orchid Underwriters Agency and CrossCover Insurance Services. The deal was originally announced at the end of February, when the firm entered into an agreement to purchase the two firms. As we reported, following the acquisition by Brown & Brown, Orchid will continue to ... Read the full article
Orchid Insurance and Openly to work together
28th March 2022
Orchid Insurance will be working with platform company Openly. A statement from the former says that the relationship will enable it to deliver added capacity to its national network of retail agents and strategic distribution partners and broaden its range of high-net-worth customers who seek solutions for hard-to-place risks. Charlie Graham, head ... Read the full article
Brown & Brown to acquire Orchid & CrossCover
28th February 2022
Global insurance brokerage Brown & Brown has entered into an agreement to acquire Orchid Underwriters Agency and CrossCover Insurance Services. Established in 1998, Orchid is a specialty underwriter of catastrophe-exposed property insurance for homeowners in coastal zones and for high net worth customers. The Orchid management team partnered with industry veteran, Scott ... Read the full article
Orchid announces R&Q partnership
5th October 2021
Orchid Underwriters Agency , a specialty underwriter of catastrophe-exposed property insurance, has announced a new partnership with R&Q Accredited America aimed at directing fresh personal lines capacity to costal markets hit by catastrophic events. Their program brings together an extended network of reinsurance capacity based on longstanding relationships with the two ... Read the full article
Ross Bowie promoted to Orchid Chief Underwriting Officer
22nd September 2021
Independent managing general underwriter Orchid Underwriters Agency (OUA) has promoted Ross Bowie to Chief Underwriting Officer, consolidating underwriting responsibilities across the company’s personal lines segments and positioning for further growth in one of its core businesses. Steve Carlsen, CEO of Orchid Insurance, commented, “The promotion of Ross Bowie to OUA Chief ... Read the full article
CrossCover to begin writing middle market, excess and surplus property
6th August 2021
Orchid Underwriters Agency's insurance partner, CrossCover Insurance Services, has announced that it will begin writing middle market, excess and surplus property this month. CrossCover, a new MGU targeting middle-market commercial business, will offer limits up to $50,000,000 per location through a panel of A.M. Best rated carriers and reinsurers. Scott Hanson, founder ... Read the full article
Orchid announces Kathy Cody as president
10th February 2021
Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance, has announced the appointment of Kathy Cody as President. Cody holds over 30 years’ experience and previously led personal lines underwriting, finance, analytics, operations, and strategy execution teams, and served as Chief Financial Officer for the life business. She joined the company ... Read the full article
Orchid & Homesite set up new Florida insurer
12th November 2020
Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance, has partnered with US property insurer Homesite to create a new Florida-based reciprocal insurance company. The new company, called TRUE (Trusted Resource Underwriters Exchange), is domiciled in Tampa and will offer owner-occupied homeowners insurance, as well as bundled, optional coverages and ... Read the full article
Orchid’s CrossCover MGU adds to leadership team
6th August 2020
Newly launched managing general underwriter, CrossCover, has announced an expansion to its leadership team. The new MGU was established earlier this year in partnership with Orchid Underwriters Agency. The company has made the appointments of Brett Dupre, director of Specialty and Underwriting; Sam McBirney, director of General Property; and Mason Rudloff, ... Read the full article
Orchid adds Ross Bowie as Head of Personal Lines
24th June 2020
Independent managing general underwriter Orchid Underwriters Agency has named Ross Bowie as Head of Personal Lines. “We are thrilled to have Ross join Orchid to lead our personal lines business,” said Brad Emmons, President and Chief Executive Officer at Orchid Insurance. “He is a consummate professional whose career has spanned the management of ... Read the full article
Orchid launches new MGU with former AmRisc CUO Scott Hanson
16th June 2020
Independent MGU Orchid Underwriters Agency has launched a new MGU that will underwrite middle-market commercial properties for wholesale broker clients beginning early next year. CrossCover Insurance Services was formed in partnership with Scott Hanson, the former Chief Underwriting Officer at AmRisc. Hanson now serves as President of CrossCover. “Carriers now expect transparency of ... Read the full article
Orchid adds Michael Garamoni as CFO
6th April 2020
Independant MGU Orchid Underwriters Agency has appointed Michael Garamoni as Chief Financial Officer. Garamoni has spent the past 13 years in finance, reporting and planning, which included roles as Vice President of Global Finance for Ryan Specialty Group, LLC., and at Pricewaterhouse Coopers, LLP. “Michael’s experience in financial operations and technology systems ... Read the full article
Orchid’s Joe Zuk joins Altamont Capital as an Operating Partner
23rd January 2020
Altamont Capital Partners, a private investment firm based in the San Francisco Bay Area, has hired Joe Zuk, previously of Orchid Underwriters, as an Operating Partner with a focus on insurance and insurance-service investments. He most recently served as the Managing Director of Corporate Development and Strategy at Orchid, and prior ... Read the full article
Orchid recruits COO Katherine Cody from Farmers Insurance
25th September 2019
Orchid Underwriters Agency, LLC (Orchid Insurance), a specialty underwriter of catastrophe exposed property insurance, has announced the appointment of Katherine Cody as Executive Vice President and Chief Operating Officer (COO). Cody joins Orchid from Farmers Insurance Group, where she has worked for the previous 10 years, most recently as COO for ... Read the full article
Orchid Insurance names John Lumelleau as Chairman
21st March 2019
Orchid Underwriters Agency, LLC (Orchid Insurance), a specialty underwriter of catastrophe exposed property insurance, has named John L. Lumelleau as Chairman of its Board of Directors. Lumelleau previously served as the CEO of Lockton Companies, Inc. for 17 years before retiring in April 2017. As Chairman of Orchid, he succeeds Steve Carlsen, ... Read the full article
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