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.
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