What's changed at Vyrd

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

  1. Bolttech moves to full ownership; CEO and board change

    Founding CEO David Howard resigned April 2, 2024 and chairman Robert Bauer became CEO. Bolttech CEO Robert Schimek joined the board June 26, 2024 as Bolttech's Kole, Inc. agreed to buy SiriusPoint's 50% stake.

  2. OIR clears a second Citizens takeout of 8,213 policies

    OIR approved Vyrd to assume up to 8,213 more Citizens policies. The OIR exam says about 2,400 HO3 policies were actually assumed in November 2022, after about 5,500 in April.

  3. Vyrd starts out with approval to take up to 42,045 Citizens policies

    OIR approved Vyrd to take up to 42,045 personal residential Citizens policies. Vyrd began selling in April 2022. It took about 5,500 HO3 policies. Demotech had affirmed its A rating on February 8, 2022.

  4. Vyrd is formed and licensed in Florida

    SiriusPoint and Bolttech formed Vyrd in St. Petersburg as a Florida home insurer. David Howard led it. It was the first new Florida P&C insurer licensed in about three years. It sells through independent agents.

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