Mangrove Appoints Tim Cotton as COO
Portfolio - People | Mar 25, 2025 | EIN
Mangrove Property Insurance Company has announced the appointment of Tim Cotton as their new Chief Operating Officer, along with the hiring of additional key professionals in various leadership roles. This comes as part of Mangrove’s effort to solidify their position as a stable, long-term property insurance solution within the unique landscape of Florida. Cotton, who brings 30 years of insurance experience largely concentrated in the Florida property market, is expected to leverage his strong connections with independent agents and reinsurers to enhance underwriting and claims services. Mangrove has recently been approved by Florida's Office of Insurance Regulation to provide property and casualty insurance to homeowners and is set to assume policies from Citizens Property Insurance Corporation in the upcoming months. With an exceptional financial stability rating from Demotech, Inc., Mangrove is poised to offer these services alongside newly added talents, aiming to expand its reach and commitment to high-level service.
Sectors
- Property and Casualty Insurance
- Financial Services
Geography
- United States – The geographical focus of the article is on the United States, particularly the Florida market where Mangrove operates.
- Florida – Florida is of specific interest as it is the main market where Mangrove Property Insurance Company operates and tailors its offerings.
Industry
- Property and Casualty Insurance – This sector is relevant as Mangrove is a property and casualty insurance provider, focusing on providing solutions tailored to the Florida market.
- Financial Services – Mangrove operates within the broader financial services industry, providing insurance which is a key component of financial stability for homeowners in Florida.
Financials
- FSR of A, Exceptional – Demotech, Inc. has provided Mangrove with a financial stability rating of 'A, Exceptional', indicating strong financial health.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mangrove Property Insurance Company | Insurance Provider | Company | Mangrove offers property and casualty insurance tailored to Florida's market and has expanded its leadership team. |
| Tim Cotton | Chief Operating Officer | Person | Tim Cotton is an industry veteran appointed as the COO of Mangrove, bringing over 30 years of experience to the role. |
| Stephen Weinstein | CEO of Mangrove | Person | Stephen Weinstein is the CEO of Mangrove and emphasizes the importance of experienced leadership in their strategy. |
| Chris August | Head of Distribution | Person | Chris August is responsible for distribution and brings over 23 years of industry experience to Mangrove. |
| Allan Franklin | Chief Financial Officer & Treasurer | Person | Allan Franklin oversees financial operations and compliance at Mangrove, with extensive expertise in financial reporting. |
| Eduardo Miranda | SVP Risk, Underwriting & Analytics | Person | Eduardo Miranda leads risk, underwriting, and analytics with over 25 years of industry experience. |
| Brian Turnau | Claims Director | Person | Brian Turnau leads the claims department with over 20 years of experience, focusing on claims operations. |
| Florida Office of Insurance Regulation (OIR) | Regulatory Body | Government | The OIR has authorized Mangrove to provide P&C insurance and assume policies from Citizens Property Insurance Corporation. |
| Citizens Property Insurance Corporation | Policy Provider | Company | Citizens is the public insurer from which Mangrove will assume homeowner and dwelling policies. |
| Demotech, Inc. | Rating Agency | Company | Demotech provides financial stability ratings and has rated Mangrove with an 'A, Exceptional'. |
| Yellow Finch Strategies | Public Relations | Company | Yellow Finch Strategies handles public relations for Mangrove, as suggested by the contact details provided. |