Wright Nationwide Flood Insurance coverage Firm (Wright Flood), by means of its affiliate Wright Nationwide Flood Insurance coverage Providers, is about to amass the belongings of Poulton Associates.
In response to Wright Flood, the acquisition is predicted to bolster its place because the “largest” flood insurance coverage supplier within the US.
This deal is anticipated to conclude in November 2025, after assembly sure circumstances.
Poulton Associates, based mostly in Salt Lake Metropolis, operates the online platform CATcoverage.com and has been providing danger companies since 1989.
The corporate provides protection by way of its Nationwide Disaster Insurance coverage Program (NCIP) in addition to different pure disaster insurance coverage merchandise.
It really works by means of licensed insurance coverage brokers and brokers to supply property and casualty danger placement companies throughout all 50 US states.
Poulton Associates president Blake Poulton stated: “That is an thrilling day. By bringing our complementary groups collectively, the way forward for flood appears ‘Wright’.”
“Our choices are complementary, and producers and prospects stand to learn. It’s a real win-win and we sit up for all we’ll accomplish, collectively, added Poulton.”
Wright Flood, a subsidiary of Brown & Brown, working inside Arrowhead Packages, provides a variety of flood insurance coverage merchandise, together with federal, extra, and personal choices.
The corporate serves 4.7 million flood policyholders.
Wright Flood CEO and chief programme advocate Patty Templeton-Jones stated: “We sit up for welcoming the Poulton group.
“Our organisations share an identical tradition and a devoted deal with offering complete flood insurance coverage and associated protections to policyholders.
“The mix of our groups will allow us to ship better worth to our prospects, whereas additionally growing the variety of properties coated by flood insurance coverage.”
Arrowhead Packages, a unit of Arrowhead Intermediaries, manages a variety of insurance coverage programme companies globally, in business, private, and speciality insurance coverage sectors.
Its managing normal brokers and underwriters supply specialised insurance coverage options in partnership with firms.
Arrowhead Packages president Tom Kussurelis stated: “Poulton has lengthy been recognised as one of many high firms within the flood insurance coverage house.
“Collectively, Wright Flood and Poulton will current the biggest and most complete flood insurance coverage choices available in the market.
“The mixed data will proceed to offer a crucial insurance coverage answer for policyholders dealing with very actual flood dangers and assist make sure that claimants get again on their ft after they really want the assistance – after a loss.”
