Orchid Underwriters buys Coastal Agents Alliance

Orchid Underwriters Agency LLC said Tuesday it has acquired Coastal Agents Alliance. Financial terms weren’t announced. West Atlantic City, New Jersey-based Coastal Agents is a managing general agent that specializes in catastrophic coastal exposed E&S homeowners’ solutions and currently writes in the Northeast and Mid-Atlantic. Orchid is a portfolio company of Gryphon Investors.

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