Mangrove Property Insurance Company, a newly formed Florida insurer, has announced the appointment of Tim Cotton as Chief Operating Officer.
Cotton, a seasoned leader in the property insurance industry, has 30 years of experience, including 28 years specialising in the Florida property market.
Cotton has had an extensive career, which includes a Chief Operating Officer role where he was responsible for underwriting, policy services, sales and marketing, and claims.
He is well known in the market for his innovative work developing option to repair and home restoration programs.
“Great companies are built by great teams. Mangrove is determined to be a long-term, stable property insurance solution in Florida, and is dedicated to a high level of underwriting and claims service,” said Stephen Weinstein, CEO of Mangrove.
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He continued: “Our strategy requires experienced, expert and ethical leadership. We’re grateful that Tim, who embodies those attributes, has elected to join Mangrove and our outstanding leadership team.”
Joining Cotton in leadership roles at Mangrove are Chris August as Head of Distribution, Allan Franklin as Chief Financial Officer & Treasurer, Eduardo Miranda as SVP Risk, Underwriting & Analytics, and Brian Turnau, Claims Director.
August brings over 23 years of insurance industry experience and possesses extensive expertise throughout the entire insurance value chain.
Franklin has over 15 years of accounting experience, specializing in the P&C insurance industry. He has worked in both the public and private sectors, and his expertise lies in financial reporting, regulatory compliance, and providing actionable insights to drive ethical and informed decision-making.
Joining Mangrove from Universal North America Insurance Company, Miranda brings to the company 25-plus years of experience to his new role.
The executive is proficient in multiple industry functions, including underwriting, CAT modelling, risk and exposure management, reinsurance placement, data analytics and loss control.
Turnau has over two decades of professional experience in the insurance industry, specializing in claims-related operations for various carriers. His extensive experience also includes managing claims during numerous catastrophic weather events.
Mangrove was approved to provide P&C insurance to Florida homeowners earlier this year by Florida’s Office of Insurance Regulation (OIR).
Florida’s OIR has also approved Mangrove to assume HO and DP policies from Citizens during the April and June 2025 processes. Additionally, Mangrove will soon begin writing new business homeowners coverage on a voluntary basis outside of Citizens.
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