Orchid Insurance Promotes Ross Bowie to Chief Underwriting Officer of OUA

VERO BEACH, Florida – (COMMERCIAL THREAD) – Orchid Underwriters Agency, LLC (OUA), one of the largest independent general underwriters, today announced the promotion of Ross Bowie to the role of Head of Underwriting of the OAU. This appointment consolidates underwriting responsibilities across all of OUA’s personal insurance segments, positioning the company for future growth in one of its core businesses.

Steve Carlsen, CEO of Orchid Insurance, said: “Ross Bowie’s promotion to OUA’s chief underwriter formalizes a role he has held for a year. Ross’s technical skill and judgment drastically transformed Orchid’s business. We were able to improve the metrics and performance of our portfolios while refocusing our underwriting teams and recruiting extraordinary talent. Orchid added new programs and capabilities this year, in an environment where markets are otherwise reducing risk. It’s a tribute to the trust our carriers have in Ross and his team. ”

Kathy Cody, President and COO of Orchid Insurance, added, “We have built the tools and infrastructure to be successful in all markets. It has been extremely gratifying to see Ross and his team use these abilities so productively over the past year. Orchid can provide underwriting and support at the highest levels required by our carriers and demanded by our producers and policyholders. The energy, passion and drive of our teams are exciting and contagious. ”

“The support we have received from the Board of Directors, the management team and the carriers has enabled us to accelerate our initiatives and exceed the timelines for transforming our business,” said Bowie. “We have an incredible team at Orchid who have navigated one of the most difficult real estate markets in history, which allows us to continue to provide new capabilities and competitive products to our partner agencies. ”

About Orchidée insurance

Orchid Insurance is the largest general underwriter of E&S management of personal insurance, providing specialized home insurance products for coastal risks in the Gulf, Southeast and Central Atlantic states, with an additional range of brokerage products available in all 50 states. She is expanding her presence in the chartered homeowner market through Trusted Resource Underwriters, her joint venture lawyer with Homesite Insurance, representing Trusted Resource Underwriters Exchange (TRUE). In partnership with CrossCover Insurance Services, Orchid is also expanding its offerings in the E&S commercial markets, with a focus on specialized mid-market activities. Orchid was founded in 1998 and is based in Vero Beach, Florida. In 2018, private equity group TowerBrook Capital Partners invested primarily in Orchid.