Orange Insurance Exchange announces launch and entry into the Florida market

Orange Insurance Exchange, a reciprocal insurer, is announcing its formation and launch in the Florida property insurance market.

Orange is led by CEO Don Matz, who was previously the CEO of Producer’s National Corporation and the president of Tower Hill Insurance Group, where he spent two decades developing “deep expertise” in coastal property insurance underwriting.

Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.

Orange will be supported by its attorney-in-fact, Orange Insurance Managers, and affiliated managing general agency and claims services companies, Inness Insurance Managers and Inness Claims Services. This group of companies will provide marketing, underwriting, policy administration and claims handling services to Orange. Orange and its affiliates were founded by majority investor Griffin Highline Capital in collaboration with strategic partner Cabrillo Coastal General Agency and its CEO Michael McNitt.

“The Florida market is currently underserved, and we can meet that need at Orange. The combination of our veteran team and our partnership with Griffin Highline provides a strong foundation. We are excited for the road ahead.” – Don Matz, CEO of Orange.

“We are eager to bring alternative property insurance options to Florida. We believe there is a compelling opportunity for a new market entrant and are delighted to work with Don and Michael— both of whom we have admired for decades—once again.” – Michael Doak, managing partner of Griffin Highline.