Oryx Insurance Brokerage

What Oryx Insurance Brokerage does

Oryx Insurance Brokerage, Inc. is a Managing General Agent (MGA) and program administrator founded in 1996 and headquartered in Binghamton, New York, with operational offices in East Syracuse and additional training facilities across upstate New York. The company specializes in admitted insurance products for the construction industry, concentrating on 20–30 specific artisan contractor classes including carpentry, masonry, plumbing, electrical, HVAC, excavation, paving, and concrete work, and distributing exclusively through appointed independent insurance agents across the Mid-Atlantic states (NY, NJ, CT, PA, DE, VA). Oryx's product portfolio spans Workers' Compensation (Guaranteed Cost), General Liability, Commercial Auto, Package Solutions combining multiple lines, and Commercial Umbrella up to $5 million, underwritten through in-house binding authority on behalf of highly rated carrier partners including an exclusive A-rated carrier relationship.

The company's service stack is vertically integrated beyond policy issuance: an in-house licensed Third-Party Administrator handles claims with all adjusters holding the IRMI CRIS designation, supported by a return-to-work program and fraud detection; an internal risk management and loss control team with over 30 years of construction safety experience conducts job site inspections, audits, and toolbox talks; and the Oryx Education Center delivers free OSHA 10/30 hour and construction-specific training, having hosted nearly 800 courses for nearly 10,000 attendees. The annual Risk Management Conference hosted in Syracuse has grown into one of the largest such events in upstate New York.

Revenue is generated through commission and underwriting profit participation on premiums written via the program business, supplemented by wholesale brokerage commissions on open-basis broker select placements. The company was acquired by Amynta Group, and in July 2025 Amynta merged Oryx with Total Program Management to form Oryx Healthcare, extending the platform's program administrator model into the healthcare vertical while retaining the construction and manufacturing programs. Since founding, Oryx has scaled from a single New York paving contractor's Workers' Compensation policy to several thousand policies representing over $3.7 billion in historical written payroll.

Name

Oryx Insurance Brokerage

Legal name

Oryx Insurance Brokerage, Inc.

Website

https://oryxinsurance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Oryx Insurance Brokerage is a Managing General Agent and program administrator specializing in admitted insurance products for the construction industry, serving artisan contractors across the Mid-Atlantic states through appointed independent insurance agents and integrated claims and loss control services.

Ownership category

akta.pro rank

Product category

Construction Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

Keywords

• Construction insurance programs
• Managing general agent
• Workers compensation underwriting
• Commercial lines brokerage
• Loss control services

Headquarters

HQ city

Binghamton

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Premium Revenue (MGA/Program Business): Oryx operates as a Managing General Agent developing, marketing and underwriting admitted insurance products for the construction industry. Revenue is generated through policy premiums written on behalf of highly rated insurance carrier partners. The company earns commissions and underwriting profit participation through its program business relationships.
2. Wholesale Broker Operations: Oryx functions as a wholesale broker on an open basis, allowing agents to work with the insurance agent/broker of their choice. The company provides facilities for both program business and broker select wholesale relationships, generating revenue through wholesale brokerage commissions on placed business.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels9 records

Core offering

Oryx Insurance Brokerage is a Managing General Agent (MGA) and program administrator that develops, markets, and underwrites admitted insurance products specifically for the construction industry on behalf of highly rated carrier partners. The company offers Workers' Compensation (Guaranteed Cost), General Liability, Commercial Automobile, Package Solutions, and Commercial Umbrella coverage, supported by an in-house claims division, loss control services, and a free OSHA-credentialed training facility. All products are distributed exclusively through appointed independent insurance agents in the Mid-Atlantic and Northeast states.

Product overview

Oryx Insurance Brokerage is a Managing General Agent (MGA) and Program Administrator founded in 1996, specializing in insurance products for the construction industry. The company operates as a national leader in professional underwriting services and support, offering a portfolio of core insurance products including Workers' Compensation (Guaranteed Cost), General Liability, Automobile Coverage, Package Solutions, and Umbrella Coverage. These products are distributed through appointed independent insurance agents in the Mid-Atlantic and Northeast states. Supporting the insurance products, Oryx provides integrated services including Claims Management with an internal licensed claims division, Loss Control services with safety inspections and training, the annual Risk Management Conference, and the Oryx Education Center offering free OSHA and construction safety training. The company was recently merged with Total Program Management under Amynta Group to form Oryx Healthcare, expanding into healthcare sector risk management.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Program (Guaranteed Cost) Monoline Workers' Compensation facility designed for artisan contractors and infrastructure construction businesses; Oryx has in-house underwriting and binding authority for carrier partners, focusing on contractors along the East Coast with minimum premium of $15-20K.
• General Liability Primary General Liability insurance on ISO CG001 Occurrence coverage form for contractors, with $15,000 minimum premium on Primary General Liability and $1,000 minimum deductible; Blanket Composite Sales Rate available for premiums in excess of $100,000.
• Automobile Coverage Monoline commercial auto insurance providing Bodily Injury and Property Damage coverage up to $1,000,000 CSL with in-house underwriting for quick turnaround; Comprehensive $250 minimum deductible and Collision $500 minimum deductible.
• Package Solutions Commercial insurance package combining Workers' Compensation, Commercial General Liability, Automobile Liability & Physical Damage, Commercial Property, and Inland Marine through an exclusive agreement with an A-rated carrier; $30,000 minimum premium.
• Umbrella Coverage Commercial Umbrella Liability Coverage providing combination of following form excess and umbrella coverage with occurrence basis, no retention, and defense costs outside limits; limits up to $5 million with direct bill and competitive commissions.
• Claims Management Internal claims division providing prompt, professional claims handling with proactive approach including return-to-work programs, fraud detection, investigative services, and litigation management; all adjusters have CRIS designation.
• Loss Control Comprehensive loss control services including job site safety inspections, safety program audits, written health and safety policies, health and safety training, forklift compliance training, toolbox talks, and accident investigation.
• Oryx Education Center Training facility providing OSHA 10/30 hour construction and industrial safety training, agent lunch and learns, and construction-specific courses free of charge to customers; over 800 courses held with nearly 10,000 registered attendees.

Quantifiable outcome

• Over $3.7 billion in historical written payroll processed
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Amynta GroupcoreStrategic or Co-development Partner · 2 July 2025Amynta Group announced expansion of its healthcare practice by merging Oryx Insurance Brokerage and Total Program Management to form Oryx Healthcare, aiming to deliver integrated insurance solutions for the healthcare sector. The move seeks to enhance market positioning in construction, manufacturing, and healthcare risk management services.
• Associated Builders and Contractors, Empire State Chapter (ABC)coreChannel Partner/ Reseller/ Distributor · 22 October 2012Oryx Insurance Brokerage Inc. announced affiliation with ABC Empire State Chapter in October 2012. The Board of Trustees of the ABC Compensation Trust endorsed Oryx as the market of choice for their construction clients. ABC members benefit from Oryx's full-service insurance brokerage specializing in construction, with product offering extending beyond workers compensation coverage. Oryx is a wholesale broker on open basis allowing members to work with their preferred insurance agent/broker.
• Highly Rated Insurance Carrier PartnerscoreOthersOryx maintains relationships with highly rated insurance carrier partners allowing the company to develop, market and underwrite admitted insurance products specifically designed for the construction industry. Oryx has an exclusive agreement with an 'A-' rated carrier to write and service all lines of commercial insurance for regional commercial contractors.
• Target Markets Program Administrator Association (TMPAA)minorOthersOryx is a member of the Target Markets Program Administrator Association, participating in industry events and marketing awards competitions. The association focuses on program business marketing and professional development for program administrators.
• Independent Insurance Agents of America (IIAA)minorOthersOryx maintains membership in the Independent Insurance Agents of America, supporting the independent insurance agent distribution channel.
• American Institute for Chartered Property and Casualty UnderwritersminorOthersOryx maintains membership in the American Institute for Chartered Property and Casualty Underwriters, supporting professional development and education for insurance professionals.
• National Association of Surety Bond Producers (NASBP)minorOthersOryx maintains membership in the National Association of Surety Bond Producers, supporting surety bond production and related insurance services.
• Insurance Risk Management Institute (IRMI)minorOthersOryx employees attend the annual IRMI Construction Risk Conference, the only national symposium devoted exclusively to managing, insuring, and bonding construction project risks. Oryx's claims department adjusters have CRIS designations earned through IRMI.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Travelers Companies: Large P&C insurer with a Construction practice providing workers' compensation, general liability, and surety for contractors through independent agents — comparable distribution and product overlap to Oryx.
• Markel Corporation: Specialty insurer with a dedicated construction practice offering contractors' professional liability, surety, and wrap-up programs; overlaps with Oryx on contractor insurance but operates as part of a much broader specialty portfolio.
• Berkshire Hathaway Specialty Insurance: Large specialty insurer with construction practice including builders risk, surety, and casualty; competes for larger commercial contractor accounts that overlap with Oryx's mid-market construction book.
• Zurich North America: Major global insurer with a dedicated construction segment offering casualty, property, surety, and risk engineering for contractors — competing with Oryx for larger commercial construction risks across the same geographies.
• Hanover Insurance Group: Regional P&C insurer with specialty construction programs serving mid-market contractors in the Northeast; competing in overlapping Mid-Atlantic territories for similar contractor risks.

Direct peers

• Builders & Tradesmen's Insurance Services (BTIS): Construction-focused MGA/program administrator offering workers' compensation, general liability, and commercial package solutions to artisan and trade contractors through independent agents — a near-direct overlap with Oryx's construction MGA model.
• ICW Group Insurance Companies: Workers' compensation-focused insurance carrier serving construction and human services risks; competes head-to-head for the same construction WC accounts that anchor Oryx's program business.
• AmTrust Financial Services: Specialty P&C insurer and program underwriter with deep roots in small-commercial workers' compensation, particularly for construction and artisan trades — directly comparable product mix and target market to Oryx.
• Zenith Insurance Company: Workers' compensation specialist serving the construction industry, including artisan and trade contractors, with in-house claims and loss control capabilities similar to Oryx's integrated service stack.

Emerging players

• NEXT Insurance: Digital insurtech offering workers' comp, general liability, and commercial auto directly to small and mid-market contractors; addresses the same construction SMB segment as Oryx but via a digital, agent-bypass model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Oryx-Insurance-Brokerage
• Xx.com/oryxinsurance
• LinkedInlinkedin.com/company/oryx-insurance-brokerage-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oryx Insurance Brokerage