VERO BEACH, Fla.--(BUSINESS WIRE)--Orchid Underwriters Agency, LLC (OUA), among the largest independent managing general underwriters, announced today the promotion of Ross Bowie to OUA Chief Underwriting Officer. The appointment consolidates underwriting responsibilities across OUA’s personal lines segments, positioning the company for further growth in one of its core businesses.
Steve Carlsen, CEO of Orchid Insurance, commented, “The promotion of Ross Bowie to OUA Chief Underwriter formalizes a role that he has been filling for the last year. Ross’s technical skills and judgement have dramatically reshaped Orchid’s business. We have been able to improve the metrics and performance of our portfolios while refocusing our underwriting teams and recruiting extraordinary talent. Orchid has added new programs and new capacity this year, in an environment where markets are otherwise shedding risk. This is a tribute to the confidence our carriers have in Ross and his team.”
Kathy Cody, President and COO of Orchid Insurance, added, “We have been building the tools and infrastructure to succeed in all markets. It has been enormously rewarding to have Ross and his team put these capabilities to work so productively over the last year. Orchid can deliver underwriting and support at the highest levels as required by our carriers and demanded by our producers and insureds. The energy, passion and momentum in our teams is thrilling and contagious.”
“The support we’ve received from the board, senior leadership team and carriers has allowed us to accelerate our initiatives and exceed timelines for transforming our business,” said Bowie. “We have an amazing team at Orchid that has navigated one of the toughest property markets in history, allowing us to continue to provide new capacity and competitive products to our agency partners.”
About Orchid Insurance
Orchid Insurance is the largest personal lines E&S managing general underwriter, providing specialty homeowners insurance products for coastal risks in the Gulf, Southeast, and Mid-Atlantic states, with an additional suite of brokerage products available in all 50 states. It is expanding its presence in the admitted homeowners market through Trusted Resource Underwriters, its joint venture attorney-in-fact with Homesite Insurance, representing Trusted Resource Underwriters Exchange (TRUE). In partnership with CrossCover Insurance Services, Orchid is also expanding its offerings in commercial E&S markets, with a focus on middle-market specialty business. Orchid was founded in 1998 and is based in Vero Beach, FL. In 2018, private equity group TowerBrook Capital Partners made a majority investment in Orchid.