Flood insurance company Neptune Flood crossed $200 million of premium in force, while adding seven members to its newly formed advisory board, says Neptune CEO Trevor Burgess.
Crossing $200 million of premium in force brings Neptune to over 5% of the National Flood Insurance Program's size, the company says.
"Growing in scale highlighted the need for sage advice from a group of leading experts in the insurance industry," says Burgess in a news release. "My executive team is incredibly thankful that this group of seven leaders has agreed to help us in our journey to be the best possible flood insurance company for consumers, agents, and our risk-taking partners."
Neptune Flood specializes in providing flood-insurance solutions for residential and commercial properties. It uses advanced technology, data analytics and user-friendly online tools to aid consumers and businesses to find a fast way to obtain flood insurance policies tailored to their needs.
"The company aims to simplify the insurance-buying process while offering competitive rates and comprehensive coverage options," Neptune Flood says in a news release.Â
Meanwhile, Neptune Flood says its new advisory board members include:
- Jim Albert, the co-founder of Neptune, who served as the company's CEO through 2019 and held the role of chairman from 2020 to early 2023.
- Brad Emmons, the former CEO of Orchid and an active investor and advisor to retail, claims and insurtech businesses.
- Bill Martin, a leader of large insurers and startups over the past 37 years and who has run Boston-based Plymouth Rock's growing home insurance business for the last seven years. Martin is a co-founder of Neptune, a former board member of the insurance industry's safety organizations and "an expert in the challenges of regulation and catastrophe coverage."
- David Paulsson, president of MS Transverse, a division of Mitsui Sumitomo Insurance Group and one of the 10 largest insurance companies in the world. Prior to co-founding Transverse Insurance Group in 2018, Paulsson spent 15 years in the investment industry focused on alternative assets and insurance.
- Jessica Snyder, president of U.S. Insurance for Argo Group, overseeing and pursuing growth across property and casualty insurance in the U.S. market. Snyder previously served as president and CEO at GuideOne Insurance.
- Keith Wolfe, former president of U.S. property and casualty for Swiss Re, a career that spans 27 years in global insurance and reinsurance. Wolfe currently serves as an advisor or board director for several other insurance-related entities.
- Roy Wright, president and CEO of the Insurance Institute for Business & Home Safety, of which Neptune is a member. Wright was previously at FEMA, where he served as the chief executive of the National Flood Insurance Program.
