ORION180


Associated tags: Insurance, Southeastern United States, Professional Services, Policy

Locations: SOUTH CAROLINA, RHODE ISLAND, AU, MINNESOTA, KEMPER, MASSACHUSETTS, UNITED STATES, NORTH AMERICA, FLORIDA, ARIZONA, MISSISSIPPI, INDIANA, ALABAMA, GEORGIA, NORTH CAROLINA, OHIO

Orion180 Launches Homeowners Insurance in Arizona, Marks Major Expansion Westward

Retrieved on: 
Wednesday, April 24, 2024

Orion180, a leading innovator in the insurance industry, is pleased to announce the expansion of its homeowners insurance services to Arizona.

Key Points: 
  • Orion180, a leading innovator in the insurance industry, is pleased to announce the expansion of its homeowners insurance services to Arizona.
  • Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two insurance carriers.
  • The company provides insurance solutions through its admitted carrier, Orion180 Select, in noncoastal areas and its surplus lines insurance carrier, Orion180 Insurance Co., in coastal areas.
  • Through Orion180 Select Insurance Co., an admitted insurance carrier domiciled in Indiana, this company aims to meet the unique insurance needs of homeowners in the state of Arizona.

Orion180 Expands Homeowners Insurance Business to Georgia, Indiana

Retrieved on: 
Tuesday, January 9, 2024

Orion180, a leading provider of insurance solutions , announced the expansion of its homeowners insurance products to the states of Georgia and Indiana.

Key Points: 
  • Orion180, a leading provider of insurance solutions , announced the expansion of its homeowners insurance products to the states of Georgia and Indiana.
  • Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180 offers the coverage through independent agency distribution partners in Georgia and Indiana.
  • The firm offers coverage through its admitted carrier, Orion180 Select, in noncoastal areas and its surplus lines insurance carrier, Orion180 Insurance Co., in coastal areas.
  • “Entering the Georgia and Indiana homeowners markets is part of Orion180’s strategic plan to provide insurance solutions to coastal and noncoastal areas in the South and Midwest,” says Kenneth Gregg, CEO and founder of Orion180.

Insurance Solutions Provider Orion180 Names 4 to Leadership Team

Retrieved on: 
Tuesday, November 14, 2023

They expand our agility and technology-centric knowledge in key areas and complement our strong existing team at Orion180,” says Kenneth Gregg, CEO and founder of Orion180.

Key Points: 
  • They expand our agility and technology-centric knowledge in key areas and complement our strong existing team at Orion180,” says Kenneth Gregg, CEO and founder of Orion180.
  • “These appointments signal our preparedness to compete in multiple lines of personal and commercial insurance as we look to expand nationally.”
    Mohammad Javanbarg, SVP of specialty risk, joined Orion180 to customize and enhance Orion180's view of modeled and non-modeled catastrophe risks, and develop innovative specialty insurance solutions.
  • Malcolm Tsung, VP of product management, commercial lines, joined Orion180 to spearhead the development of Orion180’s commercial lines products.
  • Before joining Orion180, at LexisNexis Risk Solutions, he served as director, commercial insurance vertical.

Orion180 Leaders Honored with Insurance Industry Recognition

Retrieved on: 
Thursday, October 5, 2023

Orion180, a premier provider of insurance solutions launched in 2018 , announced that its top two leaders have been recognized by insurance industry organizations:

Key Points: 
  • Orion180, a premier provider of insurance solutions launched in 2018 , announced that its top two leaders have been recognized by insurance industry organizations:
    Ken Gregg, founder and chief executive officer, was named “ Insurance Luminary ” for technology innovation by publication/website PropertyCasualty360.com.
  • Ryan Jesenik, chief operating officer, was named a 2023 “ Rising Star ” by Insurance Business America magazine.
  • It gives [independent insurance] agents the power to quote and issue policies in under three minutes anywhere, any time with its mobile app.
  • Jesenik was recognized by Insurance Business America for “his leadership and impactful contributions to the insurance sector,” notes the publication.

Orion180 Launches Homeowners Insurance Business in Alabama and Mississippi on Admitted Basis

Retrieved on: 
Wednesday, September 13, 2023

Orion180, a premier provider of insurance solutions launched in 2018 , began issuing homeowners insurance in noncoastal areas of Alabama and Mississippi this month through its admitted insurer Orion180 Select Insurance Co.

Key Points: 
  • Orion180, a premier provider of insurance solutions launched in 2018 , began issuing homeowners insurance in noncoastal areas of Alabama and Mississippi this month through its admitted insurer Orion180 Select Insurance Co.
    Orion180 Select offers homeowners coverage through nearly 2,000 independent agency distribution partners in Alabama and Mississippi.
  • Orion180’s initial targeted geographic markets for homeowners insurance are Alabama, Florida, Georgia, Indiana, Mississippi and North Carolina.
  • The firm offers coverage through its admitted carrier, Orion180 Select, in noncoastal areas and its surplus lines insurance carrier, Orion180 Insurance Co., in coastal areas.
  • “This expansion to offer our admitted insurance program in Alabama and Mississippi is the latest in a series of steps Orion180 has taken to bring homeowners insurance capacity to the Southeast and other regions,” says Kenneth Gregg, CEO and founder of Orion180.

Orion180 Approved to Enter Florida Homeowners and Wind Market

Retrieved on: 
Thursday, August 24, 2023

Orion180, a premier provider of insurance solutions launched in 2018 , had its two carriers, Orion180 Select Insurance Co. and Orion180 Insurance Co., approved to operate in Florida, as announced by the Florida Office of Insurance Regulation.

Key Points: 
  • Orion180, a premier provider of insurance solutions launched in 2018 , had its two carriers, Orion180 Select Insurance Co. and Orion180 Insurance Co., approved to operate in Florida, as announced by the Florida Office of Insurance Regulation.
  • Orion180 expects to launch a wind-only product for residential properties in Florida toward the end of 2023.
  • Orion180 will evaluate offering a Florida homeowners product in 2024.
  • “Orion180 has always been focused on providing a premier insurance experience for customers and independent agents,” says Kenneth Gregg, CEO and founder of Orion180.

Orion180, Personal Lines Insurance Carrier, Ranked No. 229 on the 2023 Inc. 5000 List

Retrieved on: 
Wednesday, August 16, 2023

229 on the 2023 Inc. 5000 list of America's fastest-growing private companies.

Key Points: 
  • 229 on the 2023 Inc. 5000 list of America's fastest-growing private companies.
  • Companies on the 2023 Inc. 5000 are ranked by percentage revenue growth from 2019 to 2022.
  • With a three-year revenue growth rate of 2441%, Orion180 was the third-fastest-growing insurance firm on the 2023 list.
  • This year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

Orion180 Insurance Co. Places $455 Million Reinsurance Arrangement

Retrieved on: 
Tuesday, May 23, 2023

Orion180, a premier provider of insurance solutions founded in 2016 , has successfully filled their $455 million excess-of-loss (XOL) reinsurance tower for first- and second-event coverage this hurricane season for its Orion180 Insurance Co. homeowners business.

Key Points: 
  • Orion180, a premier provider of insurance solutions founded in 2016 , has successfully filled their $455 million excess-of-loss (XOL) reinsurance tower for first- and second-event coverage this hurricane season for its Orion180 Insurance Co. homeowners business.
  • In addition to the XOL tower placement, Orion180 was able to place a 75% net quota share agreement.
  • Orion180 Insurance Co., a subsidiary of the Orion180 Group Inc., underwrites homeowners insurance in Alabama, Mississippi, North Carolina, and South Carolina as an excess-and-surplus lines insurance carrier.
  • “This reinsurance arrangement supports Orion180’s strategy of aggressively serving Southeastern United States markets with quality homeowners insurance products and outstanding customer experience,” says Kenneth Gregg, CEO and founder of Orion180.

Orion180 Group Inc. Raises Additional $42.5 Million of Capital

Retrieved on: 
Wednesday, April 5, 2023

Orion180 Insurance Co., formed in 2022, had $20 million of equity capital prior to the new capital investment.

Key Points: 
  • Orion180 Insurance Co., formed in 2022, had $20 million of equity capital prior to the new capital investment.
  • The Indiana-domiciled insurers will use their broader capital base for underwriting growth and product line expansion, as well as geographic expansion beyond their current footprints.
  • Orion180 Insurance Co. holds approvals to do business in Alabama, Indiana, Mississippi, North Carolina and South Carolina, and has approvals filed in Georgia and Tennessee.
  • “This fresh capital comes at a time when many insurance competitors are cutting back on underwriting capacity and technology investment.

Orion180 Debuts Home and Electronics Protection Products

Retrieved on: 
Thursday, March 16, 2023

Orion180’s Home and Electronics Protection service plans, available through independent agents, are designed to help protect household appliances and systems as well as electronics when an unforeseen breakdown occurs.

Key Points: 
  • Orion180’s Home and Electronics Protection service plans, available through independent agents, are designed to help protect household appliances and systems as well as electronics when an unforeseen breakdown occurs.
  • The home and electronics protection plans are available through Orion180 Insurance Services LLC, a managing general underwriter that partners with carriers and reinsurers to deliver homeowners insurance and other insurance solutions.
  • “Home and electronics protection service plans are an efficient way to fix costly items that so many homeowners and other consumers use daily and rely on,” notes Ken Gregg, CEO of Orion180.
  • By contrast, these home and electronics protection plans are designed to provide protection specifically for consumers who rely on these products more and more each year.”
    Eligible products are covered for mechanical and electrical breakdown resulting from defects in materials and workmanship that render the product inoperable.