Orion180 has announced the expansion of its homeowner's insurance services into Ohio, marking the latest step in its geographical growth.
This move brings the company's tailored homeowners coverage solutions to a total of eight states, with Ohio being the third state added during the first half of 2024.
Ohio homeowners can now access a range of customizable coverage options through Orion Select Insurance Co, Orion180's admitted insurance carrier. The company said that it aims to provide these services with a focus on strong customer service.
Orion180 operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina, South Carolina, and now Ohio, offering various coverage options through its two insurance carriers, Orion180 Select and Orion180 Insurance Co. The specific coverage available varies by state.
Ken Gregg (pictured above), CEO and founder of Orion180, said that the expansion into Ohio aligns with the company's strategic goal.
“With the addition of Ohio, we take another major step forward in building our national footprint and bringing people a better choice for their insurance needs. We are excited to continue to partner with homeowners to protect their most important assets. As insurance capacity becomes more and more challenging across the country, Orion180 is committed to profitable, sustainable growth through strong underwriting discipline and strong reinsurance support,” Gregg said.
Recently, the insurance provider announced the completion of its reinsurance placement for excess-of-loss (XOL) and net quota share agreements for the 2024 hurricane season.
According to the company, the reinsurance program represents a 47% increase from 2023, providing 200-year return period protection for both carriers.
With this placement, Orion180 explained that it aims to continue offering a variety of personalized homeowners insurance products and expects significant growth in its personal lines premium across the United States.
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