Wright Flood Announces Major Acquisition
Wright National Flood Insurance Company, a recognized leader in flood insurance solutions, has made a significant move in the industry by entering into an agreement to acquire Poulton Associates LLC. This strategic acquisition marks a notable expansion for Wright Flood, solidifying its status as the largest provider of flood insurance in the United States.
Poulton Associates: A Leading Provider
Poulton Associates, notable for its extensive experience and innovative web platform, has been a key player in the private flood insurance market since 1989. Their reputable National Catastrophe Insurance Program (NCIP) has provided critical risk coverage for countless individuals and businesses, enhancing their portfolio of services.
Impact of the Acquisition on Flood Insurance
The integration of Poulton's operations into Wright Flood is anticipated to be completed by November 2025. This collaboration is expected to leverage each company's strengths to deliver unprecedented value to policyholders across the country. Wright Flood's CEO, Patty Templeton-Jones, expressed optimism about the benefits this merger will bring, highlighting the shared commitment to policyholders and the promise of more robust flood insurance offerings.
Statements from Leadership
Blake Poulton, President of Poulton Associates, shared his excitement about the acquisition, stating how the alliance signifies a bright future for flood insurance. He emphasized that bringing the two teams together would not only enhance service quality but also expand the solutions available for consumers facing flood risks.
Future Prospects in Flood Insurance
Both companies are known for their dedication to innovation and customer service, which will be pivotal as they navigate the complexities of the flood insurance market. The combined knowledge and experience of Wright Flood and Poulton Associates will pave the way for better insurance solutions, mitigating risks for policyholders while ensuring swift claim resolutions when disasters strike.
About Wright Flood
Wright Flood stands as the foremost provider of federal flood insurance in the nation, boasting over 40 years of industry expertise. As a subsidiary of Brown & Brown Inc., it is committed to exceptional service and advanced technology, ensuring policyholders receive the support they need, especially during claims processes. With a solid track record and a reputation for quality service with FEMA, Wright Flood currently serves around 4.7 million policyholders.
About Arrowhead Programs
As a part of Arrowhead Programs, Wright Flood benefits from a vast portfolio of insurance offerings. Arrowhead prides itself on its collaboration with top-tier insurance companies, ensuring access to a comprehensive suite of specialized solutions tailored to meet diverse policyholder needs.
Contact Information for Inquiries
For more details regarding this acquisition or to learn more about Wright Flood’s offerings, interested parties can reach out to:
Investors
R. Andrew Watts
Chief Financial Officer, Brown & Brown
(386) 239-5770
Media
Rob Langrell
Senior Communications Manager, Wright Flood
Email: rob.langrell@weareflood.com
(727) 422-8854
Frequently Asked Questions
What prompted Wright Flood's acquisition of Poulton Associates?
The acquisition aims to strengthen Wright Flood's market position and capability in delivering flood insurance solutions.
When is the acquisition expected to be completed?
The transaction is anticipated to conclude in November 2025, subject to regulatory conditions.
What will this acquisition mean for policyholders?
Consumers can expect more comprehensive flood insurance products and improved service as a result of the collaboration.
How long has Poulton Associates been in the flood insurance market?
Poulton Associates has been a leader in flood insurance since 1989, showcasing a long history of service excellence.
How will this acquisition impact the flood insurance landscape?
This merger is likely to reshape the competitive landscape, creating a more robust set of offerings for clients facing flood risks.
