Orchid Underwriters Agency, LLC (“Orchid Insurance”), among the largest independent managing general underwriters focusing on catastrophe-exposed properties, has named Carey B. Smith, who has more than 25 years of experience as a technology strategist and digital disruptor, its chief information officer, Kathy Cody, executive vice president and chief operating officer at Orchid Insurance, announced today.
Smith, who recently served as chief information technology officer at Constellation, Inc. where he helped save the medical professional liability carrier increase productivity and eliminating waste, will oversee the modernization and transformation of Orchid’s information and computer technologies, said Cody.
“We are thrilled to welcome Carey to the Orchid team,” said Cody. “He has both the vision and experience to develop the technology solutions at Orchid that will bolster our business’s efficiency, increase revenue, strengthen market growth and deepen customer engagement and brand loyalty.”
Smith, who previously served at BlueCross BlueShield Minnesota and Ameriprise Financial, has a demonstrated history of achievement in delivering innovative insurance and technology products. He was nationally recognized among the “10 Best CTOs of 2020,” by Industry Era, and regionally by Twin Cities as a “CIO of the Year ORBIE Award Finalist 2020.
“I am excited about the prospects at Orchid to optimize business value,” said Smith, who earned a B.S. in Business Administration at Montana State University. “In doing so, I believe we can harness the power of emerging technologies that respond to Orchid’s strategic needs and drive profitability while providing a unique, frictionless customer experience.”
About Orchid Insurance
Founded in 1998 and based in Vero Beach, Fla., Orchid Insurance provides specialty insurance products for homeowners and businesses throughout the United States, the Bahamas, and the Caribbean. Orchid Insurance is a First Choice of agents who value superior process, policy and pricing options, high-quality system technologies, expertise in the Excess & Surplus Lines market with coastal-exposed risks, and extensive knowledge of coastal CAT-exposed market areas in the East and Gulf Coast states. A variety of products offer customers a single, comprehensive solution for both personal and commercial property insurance from Wind and Wind-Only to General Liability, Primary and Excess Flood, Earthquake, and Builder’s Risk. Orchid Insurance only represents well-known AM Best Rated carriers. In 2018, private equity group TowerBrook Capital Partners made a majority investment in Orchid.