VERO BEACH, Fla.--(BUSINESS WIRE)--Orchid Underwriters (“Orchid”), a leading specialty underwriter of excess & surplus (“E&S”) insurance focusing on coastal properties, has announced the launch of Connect, a state of the art quote submission tool. Orchid’s Commercial Lines program is now available through Connect for risks in the states of Florida, Louisiana, New Jersey, North Carolina, South Carolina, and Texas. Orchid’s team of industry professionals has committed to a substantial investment to deliver an exceptional user experience and competitive products in a historically underserved market.
Connect was designed using the experience and perspective of Orchid leaders who encompass many years of company, MGA and retail agency experience. Excited about its success, Bryan Schofield, Orchid’s Vice President of Commercial Lines, commented, “The platform was designed by agents, for agents. You can easily navigate through our system in just a few minutes to quote both BOP and mono-line property policies for small to medium sized businesses. I’m extremely proud that our team developed and launched this platform in just four months. It’s remarkable and a tremendous accomplishment for us as an organization. Understanding varying perspectives and utilizing them in the design of a best in class online quoting platform will enable Orchid to become a technology leader in the world of Commercial E&S.”
Orchid is scheduled to be writing Commercial Lines business using Connect in 16 states by the end of 2017.
About Orchid
Founded in 1998 and based in Vero Beach, FL, Orchid 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.
