People: Bowie Named CEO of Praxis Reciprocal Exchange
Tampa-based Praxis Reciprocal Exchange, approved to do business in Florida in September 2025, has named Ross Bowie chief executive officer, the company announced.
Bowie comes to Praxis after two years as president, chief risk officer, then CEO of Private Client Select Insurance Services, a joint venture between AIG and Stone Point Capital that focuses on high-net-worth individuals. Before that, he was president of Orchid Insurance.
Bowie will now be CEO of PRE Risk Management, the attorney-in-fact that manages Praxis, as well as head of PRE MGA Holdings.
“In our first year we moved from formation to launch on an accelerated timeline, completed multiple takeouts, and produced encouraging early underwriting results. Ross is the leader who will build on that foundation,” Seton Pojani, chairman of PRE MGA holdings, said in a news release.
As CEO, Bowie will lead underwriting, distribution, and strategy across the Praxis operating companies, working with President and CFO Jennifer Gravelle and the leadership team to build on the organization’s first-year momentum and grow the exchange and MGA, the company noted.
Praxis Reciprocal was recently approved for takeouts of up to 5,000 policies from Citizens Property Insurance Corp., Florida’s state-created insurer. By the end of March this year, the exchange held 13,412 homeowners’ policies in Florida, along with 2,554 wind-only HO policies, and 3,018 dwelling/fire policies, according to Florida Office of Insurance Regulation data reports.
Direct written premium topped $71 million in the first quarter this year.
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