Orchid Insurance Joins CIAB
VERO BEACH, FL.—Thursday, February 20, 2019— Orchid Underwriters Agency, LLC (“Orchid Insurance”), a leading specialty underwriter of catastrophe exposed property insurance, announced today that it has joined the Council of Insurance Agents & Brokers (CIAB).
The Council is home to 200 of the top commercial insurance and employee benefits brokerages worldwide. With expansive international reach, The Council fosters industry-wide relationships around the globe by engaging lawmakers, regulators and stakeholders to promote the interests of its members and the valuable role they play in the mitigation of risk for their clients. Currently, 80 of the BI Top 100 firms are members of The Council.
Orchid Insurance is the premier leader in program underwriting services and distribution in catastrophe property insurance and the market of choice for brokers and capacity providers alike. Established in 1998, Orchid has blossomed to become a leading program administrator on track to underwrite over $275m of in-force premium through its various divisions in 2019. Orchid designs, markets, underwrites, and administers insurance policies on behalf of third-party carriers through an independent network of over 5,000 experienced agents and brokers.
“Being a part of The Council is truly an honor,” said Brad Emmons, President and Chief Executive Officer of Orchid Insurance. “For a century The Council has represented the best and brightest of the brokerage industry. We are grateful have a voice in discovering industry solutions and contribute to the interest of our clients. The business intelligence and engagement opportunities will help Orchid continue to be “The First Choice” for our partners.”
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 variety of product offering provides customers with a single, comprehensive solution for both personal and commercial 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 Rated carriers.
About The Council:
The Council of Insurance Agents & Brokers is the premier association for the top regional, national and international commercial insurance and employee benefits intermediaries worldwide. Council members are market leaders that annually place 85 percent of U.S. commercial property/casualty insurance premiums and administer billions of dollars in employee benefits accounts. The Council also publishes the award-winning industry publication, Leader’s Edge magazine. Founded in 1913, The Council is based in Washington, D.C. www.ciab.com
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