December 14, 2021

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New Insurer VYRD Launches to Address Challenges Faced by Florida Homeowners

December 14, 2021 Email This Subscribe to Newsletter Email to a friend Facebook Tweet LinkedIn Print Article

VYRD, a new insurance company serving homeowners in Florida, launched as a joint venture between SiriusPoint Ltd., a specialty insurer and reinsurer, and insurtech company bolt. VYRD will initially distribute its products through the independent agency network and affiliated partners.

Led by CEO David Howard, VYRD’s leadership team brings more than 75 years of combined experience insuring homes in Florida and the Gulf Coast.

SiriusPoint has experience in Florida and has been reinsuring the Florida homeowners market since 1980. Among the nearly 150 carriers bolt serves, 19 are Florida homeowners insurers, another 13 offer condo coverage in Florida and 12 offer Florida auto. VYRD is partnering with more than a dozen companies based in Florida or with roots in the sunshine state to provide services including actuarial rate development, underwriting, policy and claims administration and inspections.

Source: VYRD