Specialty underwriter expands into eight new states | Insurance Business America
Catastrophe property insurance firm Orchid Underwriters has announced the expansion of its commercial lines division in eight East Coast states.
The states are: Connecticut, Delaware, Georgia, Maryland, Massachusetts, New York, Rhode Island, and Virginia. The Florida-based firm now has a presence in 16 states throughout the Northeast, Southeast and the Gulf. Orchid also offers legacy excess & surplus insurance across 44 states, plus the Bahamas and the Caribbean.
“Since rolling out in the region our commercial division has been growing significantly by continuously bringing new products and commercial underwriting and sales resources to keep up with the demands of the marketplace,” said Brad Emmons, president and CEO of Orchid.
With the expansion, Orchid senior vice president of commercial lines Bryan Schofield stressed the importance of coastal products amid the growing severity of wind and rain storms, as well as hurricanes.
Orchid will introduce to the region over 400 classes of business. The commercial division also offers D&O, monoline general liability, inland marine, wind-only, builder’s risk, EPLI and cyber, among others.
“We will continue to expand our products and markets to meet the demands of commercial insurance agents and their insureds,” said Schofield.
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