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Wright Flood to acquire Poulton Associates
Yahoo Financeยท 2025-10-27 11:29
Core Insights - Wright National Flood Insurance Company is acquiring the assets of Poulton Associates to strengthen its position as the largest flood insurance provider in the US [1][5] - The acquisition is expected to be completed by November 2025, pending certain conditions [1] - Poulton Associates has been providing risk services since 1989 and operates the web platform CATcoverage.com [2] Company Overview - Wright Flood serves 4.7 million flood policyholders and offers a variety of flood insurance products, including federal, excess, and private options [4] - Poulton Associates offers coverage through its National Catastrophe Insurance Program and works with licensed insurance agents across all 50 US states [2] - The combined entity aims to deliver greater value to customers and increase the number of properties covered by flood insurance [4][6] Leadership Statements - Poulton Associates president Blake Poulton expressed excitement about the merger, highlighting the complementary nature of both companies' offerings [3] - Wright Flood CEO Patty Templeton-Jones emphasized the shared culture and focus on comprehensive flood insurance [4] - Arrowhead Programs president Tom Kussurelis noted that the merger will create the largest and most comprehensive flood insurance offerings in the market [5]