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Wright Flood to acquire assets of Poulton Associates
ReinsuranceNe.wsยท 2025-10-24 14:30
Core Insights - Wright National Flood Insurance Company is acquiring the assets of Poulton Associates LLC, which will position it as the largest provider of flood insurance in the United States [3][4]. Company Overview - Wright Flood is a subsidiary of Brown & Brown Inc. and operates within Arrowhead Programs [1]. - Poulton Associates, founded in 1989 and based in Salt Lake City, specializes in private flood insurance through its National Catastrophe Insurance Program (NCIP) [3]. Transaction Details - The acquisition is expected to close in November 2025, pending certain conditions [3]. - The combined entity will offer the largest and most comprehensive flood insurance products in the market [5]. Strategic Benefits - The merger aims to enhance value for customers by combining the strengths of both organizations, which share a similar culture and focus on comprehensive flood insurance [4][5]. - The collaboration is anticipated to increase the number of properties covered by flood insurance, providing critical solutions for policyholders facing flood risks [5][6].