VERO BEACH, Fla.--(BUSINESS WIRE)--As part of an ongoing effort to provide differentiated shareholder and partnership value to its customers, Kathy Cody was appointed President of Orchid Underwriters Agency, LLC (Orchid Insurance), a leading specialty underwriter of catastrophe-exposed property insurance, Brad Emmons, Chief Executive Officer at Orchid, announced today.
Emmons said Cody, who joined Orchid Insurance in 2019 as chief operating officer, has been instrumental in modernizing the company’s business platform, acquiring impressive talent designed for transformative growth, and planting the seeds for harvesting future enterprise value.
“Kathy’s appointment is well-deserved,” said Emmons. “I have great confidence in her ability to lead our organization, incrementally improve our capabilities, and drive execution toward our strategic vision.”
Since her arrival from Farmers Insurance Group, where she served as the COO of its Personal Lines division, Cody has guided Orchid through one of the hardest insurance markets in years, the most-active storm season on record, and a world-wide pandemic.
“I could not be prouder of my time at Orchid. I have enjoyed the full support of our private equity owner, TowerBrook Capital Partners, the Board of Directors and Brad in implementing transformational strategies that will bring additional value to our carrier partners and our retail agents,” said Cody. “We have assembled an extremely talented leadership team, and, as a result, are well positioned to capitalize on market fluctuations, renewed demands on technology and innovation, data, analytics and, of course, sophisticated underwriting capabilities.”
“I am grateful for this opportunity and excited to fulfill our strategic vision and continue the growth trajectory of Orchid while optimizing business value.”
Cody has an extensive background in the insurance industry spanning more than 30 years. During her 10 years at Farmers, Cody led personal lines underwriting, finance, analytics, operations, and strategy execution teams, and served as Chief Financial Officer for the life business.
About Orchid Insurance
Founded in 1998 and based in Vero Beach, Fla., Orchid Insurance provides specialty insurance products for homeowners and businesses throughout the United States, the Bahamas, and the Caribbean. Orchid Insurance is a First Choice of agents who value superior process, policy and pricing options, high-quality system technologies, expertise in the Excess & Surplus Lines market with coastal-exposed risks, and extensive knowledge of coastal CAT-exposed market areas in the East and Gulf Coast states. In 2018, private equity group TowerBrook Capital Partners made a majority investment in Orchid. orchidinsurance.com
