What's changed at Orange Insurance Exchange

Every update we've tracked for Orange Insurance Exchange, newest first. Each one links to the full note.

  1. KBRA affirms BBB rating, outlook stable

    KBRA kept Orange at BBB with a stable outlook. It noted $37 million in surplus notes and heavy use of reinsurance. It also noted about 3,000 active agents and rate pressure from new rivals in Florida.

  2. KBRA affirms BBB rating one year after launch

    KBRA affirmed the BBB rating with a stable outlook. It cited an experienced team and a sound plan. Offsets were a $25 million surplus note, a Florida only focus and hurricane risk.

  3. OIR clears Orange to take up to 15,000 Citizens policies

    An OIR order let Orange take up to 15,000 Citizens policies. That was in the November 2024 takeout round. Actual takeouts are usually below the approved cap.

  4. Orange starts to sell policies in Florida

    OIR approved Orange on September 1, 2023. It got its certificate of authority in October 2023. It sold its first policies in December 2023. It had $25 million in starting surplus.

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