Orion180 Insurance Group Inc. filed for a US initial public offering, aiming to expand its presence in the rapidly growing specialty homeowners and flood insurance market.

The company, which focuses on non-standard and specialty property insurance products, is positioning itself to capitalize on increasing demand for flood coverage and homeowners insurance in high-risk areas. Orion180 has built its business by targeting underserved segments, including properties in flood-prone regions.

The IPO filing reflects broader market trends, as climate-related risks drive up insurance costs and consumer demand for specialized coverage. By going public, Orion180 hopes to raise capital to scale operations and compete with larger insurers.

The offering details, including pricing and timeline, have not yet been disclosed. The move signals growing investor interest in niche insurance sectors tied to environmental and climate risks.