Orchid Insurance Expands Its Executive Team, Appoints Katherine Cody as Executive Vice President and Chief Operating Officer
VERO BEACH, FL. – September 23, 2019 – Orchid Underwriters Agency, LLC (“Orchid Insurance”), a leading specialty underwriter of catastrophe exposed property insurance, announced today that Katherine Cody has joined Orchid Insurance as Executive Vice President and Chief Operating Officer, a new role within the organization. In this capacity, Cody will be responsible for driving the operational, functional and business areas of the organization. She will work closely with Orchid’s President and CEO, Brad Emmons along with its partner, TowerBrook Capital Partners as they execute on Orchid’s strategic growth opportunities and continued expansion of the business.
“Orchid is pleased to welcome an experienced executive to this new role for the organization,” said Brad Emmons, President and Chief Executive Officer. “Her proven track record of delivering operational excellence, as well as leading in a time of transformational growth will allow the organization to capitalize on its strategic priorities and longer-term vision. Kathy’s leadership throughout her 30-year career in the insurance industry will be a significant asset as we continue to drive greater value to our agency partners and capital investors.”
Prior to joining Orchid Insurance, Cody served as Chief Operating Officer, Personal Lines, for Farmers Insurance Group. During her 10 years at Farmers, Kathy led Personal Lines underwriting, finance and analytics, operations and strategy execution teams as well as serving as Chief Financial Officer for the life business. “I am excited to join Brad and the Orchid Insurance executive team as we continue to build upon Orchid’s solid foundation and take the organization to the next level,” said Cody. “The amount of growth opportunities the team is working on is truly energizing, and I look forward to continuing the momentum at Orchid while retaining the well-established entrepreneurial spirit.”
Cody will be relocating from Los Angeles, CA to Orchid’s headquarters in Vero Beach, FL.
Founded in 1998 and based in Vero Beach, FL, Orchid Insurance (orchidinsurance.com) specializes in providing specialty insurance products for homeowners and businesses throughout the United States, the Bahamas and the Caribbean. The company’s variety of product offering provides customers with a single, comprehensive solution for both personal and commercial property insurance, including Wind and Wind-Only, General, Primary 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 coastal-exposed risks, and extensive knowledge of coastal CAT-exposed market areas in the East and Gulf Coast states. Orchid Insurance only represents well-known A.M. Best Rated carriers.
TowerBrook Capital Partners L.P. is an international investment management firm with over $12.4 billion under management. The firm is based in New York and London and focuses on making investments in North American and European companies through private equity and structured opportunities strategies, allowing it to access a range of opportunities throughout the cycle. TowerBrook’s private equity strategy primarily pursues control-oriented investments in large and mid-market companies, principally on a proprietary basis and often in situations characterized by complexity. TowerBrook’s structured opportunities strategy leverages the firm’s expertise to invest in opportunities that fall outside the investment parameters of its private equity strategy, including structured equity and structured assets. Further information is available at www.towerbrook.com.
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