Vero Beach, FL – November 30, 2017 – Orchid Underwriters Agency, LLC (“Orchid”), a leading specialty underwriter of catastrophic coastal insurance, today formally announced the upcoming expansion of its commercial lines division in 2018 and the promotion of Bryan Schofield from VP of Commercial Lines to Senior Vice President of Commercial Lines.
Mr. Schofield joined Orchid in 2015 as the driving force to launch and grow the commercial lines division. What started as a BOP product in Florida, soon grew to eight states. Orchid expanded its appetite to offer coverage for over 400 classes of business on catastrophe exposed property in coastal areas. These targets include: Habitational, Lessors Risk, Hotels, Main Street business, amongst others. The Commercial Division also offers D&O, Crime, and Umbrella programs for Community Associations in Orchid’s 44 states. Mr. Schofield will lead the 2018 expansion, as Orchid prepares to grow its commercial footprint and product lines with programs to include Mobile Home/RV Communities, Wind Only, Builders Risk, EPLI and Cyber. Eight additional states along the east coast are set to launch in the first half of 2018.
Orchid’s CEO and President Brad Emmons said, “Bryan has been the soul of Orchid’s commercial initiatives and our early success. Under his leadership, we have assembled a very talented team that will continue to grow and develop. In addition, Bryan has contributed to our overall growth strategy and has helped us become a better company.”
Founded in 1998 and based in Vero Beach, FL, Orchid (orchidinsurance.com) specializes in providing specialty insurance products for homeowners and small businesses throughout the United States and the Caribbean. The Company’s comprehensive product offering provides customers with a single, comprehensive solution for homeowners and condominium property insurance, including wind and wind only, general and excess flood, earthquake, builder’s risk and others. Orchid aims to be agents’ first choice by offering superior process, policy and pricing options, high quality system technologies, expertise in the E&S market with coastally-exposed risks, and extensive knowledge of coastal CAT-exposed market areas in the East and Gulf Coast states. Orchid only represents well-known A.M. Best A-rated insurance carriers. In November 2014, private equity firm Gryphon Investors made a majority investment in Orchid.
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