Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market.
CrossCover was established in partnership with Vero Beach, Florida-based Orchid Underwriters Agency LLC (Orchid Insurance).
CrossCover will offer limits up to $50,000,000 per location through a panel of A.M. Best rated carriers and reinsurers.
Scott Hanson is founder and president of CrossCover. Hanson said in a statement that the company would “leverage wind and earthquake capacity and write diverse E&S accounts across the nation to achieve spread-of-risk. … To achieve this end, we have appointed wholesale broker teams that focus on non-catastrophe business, and CrossCover will use proprietary tools to monitor our portfolio on a real-time basis.”
Founded in 1998, Orchid Insurance provides specialty insurance products for homeowners and businesses throughout the United States.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Wall Street Banks Try Out Anthropic’s Mythos 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
