Orion180 Insurance Group Inc. (OIG) reported the initial holdings of its Chief Executive Officer and director, Gregg Kenneth, on a Form 3. He directly holds 59,935,260 shares of Class B common stock, which are currently treated as a derivative position referencing an equal number of Class A common shares. Each share of Class B common stock is convertible at any time into one share of Class A common stock and will also convert automatically into Class A upon most transfers, subject to certain permitted transfers described in the company’s amended and restated certificate of formation.
Orion180 Insurance Group Inc. (OIG) reported the initial equity holdings of reporting person Ryan Jesenik, who is an officer and a ten percent owner. Jesenik holds 360,000 shares of Class A Common Stock directly, representing shares underlying restricted stock units that vest in full on March 20, 2029, and 3,577,248 shares of Class A Common Stock indirectly through family trusts.
Orion180 Insurance Group Inc. (OIG) reported that Oberting Kernan V has become a reporting person as a director and filed an initial statement of beneficial ownership on Form 3. The filing reports no transactions or holdings and references an Exhibit 24 Power of Attorney authorizing filings.
Orion180 Insurance Group Inc. (OIG) disclosed that Kevin Bollinger, serving as a director, has filed an initial statement of beneficial ownership on Form 3. The filing reports no transactions, no derivative positions, and no share holdings at this time, and includes a Power of Attorney as an exhibit.
Orion180 Insurance Group Inc. (OIG) had director Robert V. Deutsch file an initial statement of beneficial ownership on Form 3. The filing reports no transactions and no reportable holdings or derivative positions as of the reporting date, and notes an attached Exhibit 24 Power of Attorney.
Orion180 Insurance Group Inc. (OIG) is launching an initial public offering of 20,000,000 shares of Class A common stock, at an estimated price range of $15.00–$17.00 per share, and has applied to list on Nasdaq under the symbol OIG. Based on a $16.00 midpoint, Orion180 expects net proceeds of about $296 million (or $341 million if the underwriters fully exercise their option to buy an additional 3,000,000 shares).
The company is a technology-focused specialty homeowners and flood insurer and managing general agent, with $443.9 million gross premiums written in 2025 and $601 million managed premiums written for the last twelve months ended June 30, 2026. Net income was $16.3 million in 2025 and $13.5 million for the six months ended June 30, 2026.
Orion180 plans to use IPO proceeds to fund business growth and general corporate purposes and may use a portion to repay $282 million of debt under a new credit facility. After the IPO, 99,032,452 common shares will be outstanding, and founder/CEO Kenneth Gregg will hold about 93.9% of voting power through high-vote Class B shares, making Orion180 a Nasdaq “controlled company.”