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Wright Flood to acquire assets of Poulton Associates
ReinsuranceNe.ws· 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].
Wright Flood Announces Agreement To Acquire Assets of Poulton Associates LLC
Globenewswire· 2025-10-24 10:30
Core Insights - Wright National Flood Insurance Company has announced the acquisition of Poulton Associates LLC, making it the largest provider of flood insurance in the United States. The transaction is expected to close in November 2025, pending certain conditions [1][2]. Company Overview - Wright Flood is recognized as the leading provider of federal flood insurance with 40 years of industry experience and a strong commitment to supporting agents and policyholders [2][4]. - Poulton Associates, based in Salt Lake City, has been a leader in risk services since 1989 and operates the web platform www.CATcoverage.com, offering various insurance products including the National Catastrophe Insurance Program (NCIP) [2][3]. Strategic Implications - The acquisition is expected to enhance the combined offerings of Wright Flood and Poulton, providing a more comprehensive flood insurance solution to policyholders and increasing the number of properties covered [3][4]. - Both companies share a similar culture and focus on delivering value to customers, which is anticipated to create a stronger foundation for future flood insurance solutions [3][4]. Market Position - The merger positions Wright Flood and Poulton as the largest and most comprehensive flood insurance providers in the market, addressing the critical needs of policyholders facing flood risks [3][4].