The surplus lines carrier began writing non-admitted homeowners’ insurance in coastal areas of Alabama, Mississippi, and South Carolina in December 2022. It also has state approval pending in North Carolina. Ken Gregg (pictured), CEO of Orion180 , told Insurance Business that the move is about having more control over the firm’s book of business. “It’s been in the plans from the inception of the company. We want to be able to control our customer experience and what we’re able to bring to the market,” Gregg said. “When you’re an MGA, you’re primarily a distributor of product. For us, the natural progression is to become your own carrier and control your product, control your pricing, and control the experience.” The timing was ripe for Orion180 to make the strategic shift, according to Gregg. The company has produced around $150 million in written premiums in under five years, and its scale of production had a reached a point where becoming a carrier was the natural next step. “We’ve been putting it together for the last year and a half,” the CEO said. “We got to the point of critical mass to make the transition.” ‘Expect more’ from Orion180 Headquartered in Florida, […]
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