Orion180 expands into two new states
Orion180 expands into two new states | Insurance Business America
Property
Orion180 expands into two new states
Company will offer homeowners’ insurance products in Georgia and Indiana
Orion180 has announced the expansion of its homeowners insurance products into Georgia and Indiana.
Orion180 will offer the coverage through independent agency distribution partners in the states and will underwrite the products through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana. The company is seeking distribution partners in both states.
The firm was recently ranked number 229 on the 2023 Inc. 5000 list of the country’s fastest-growing companies, and number three among insurance companies. Between 2019 and 2022, it experienced growth of 2,441%.
In addition to Georgia and Indiana, Orion180 currently operates in Alabama, Florida, Mississippi and North Carolina. It offers coverage in non-coastal areas through its admitted carrier, Orion180 Select, and in coastal areas through its surplus lines carrier, Orion180 Insurance Co.
“Entering the Georgia and Indiana homeowners markets is part of Orion180’s strategic plan to provide insurance solutions to coastal and non-coastal areas in the South and Midwest,” said Kenneth Gregg, founder and CEO of Orion180. “We envision delivering admitted and non-admitted homeowners’ solutions to coastal and non-coastal areas on a semi-national basis.”
The company has submitted regulatory applications in Arizona, North Carolina and Ohio.
Gregg said that the company’s expansion in the South and Midwest will help meet the regions’ insurance needs.
“Some of these areas still feel the adverse impact of weather disasters, claims incidents and reduced underwriting capacity for homeowners’ insurance,” he said. “Orion180’s robust financial resources, substantial reinsurance support and sound underwriting practices allow us to bring these markets a premier insurance experience for customers and independent agent partners.”
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