![]() Neptune is the NFIP alternative and uses AI driven technology to make it fast and easy to buy flood insurance most often at a price that saves money. We were founded to change the way the consumers and businesses think about and buy flood insurance. Neptune Flood is the largest entirely digital flood insurance company in the United States. In the 2021 renewal season Neptune has also increased its capacity at Lloyds by over 50% and secured a material increase in its program with AXA XL. We strive to combine the talent and experience of our team with the flexibility of our hybrid fronting structure to underwrite great MGA's and their programs" said Erik Matson, Chief Executive Officer and Co-Founder at Transverse. We are excited to be supporting an excellent portrayal of the intersection of technology and insurance requirements. Neptune has approached a significant peril with great ingenuity and innovativeness. "Our relationship with Neptune is an exciting one for us. ![]() "Neptune is the fast and easy alternative to the NFIP and most of the time we can save the home or business owner money while providing superior coverage." Transverse will help Neptune to serve tens of thousands of additional homeowners and businesses," said Neptune CEO Trevor Burgess. "Neptune is proud to partner with Transverse and its experienced team of underwriters and program administrators. ![]() Hurricane season begins on May 15 and on the back of last year's record number of storms, is expected to be another above average season. The program will look to protect approximately $10 billion in home and business value from the catastrophic risk of flooding. The $30 million premium capacity program will enable Neptune to meet the surging demand for Neptune's flood insurance alternative to the government backed NFIP program. Neptune policies placed with the program will carry the Transverse AM Best A- (Excellent) rating. PETERSBURG, Fla., Ap/PRNewswire/ - Neptune Flood, the first AI-driven flood insurance company to provide fast, easy and better flood insurance, announced the launch of its latest capacity program sponsored by Transverse Insurance Group and backed by a panel of global reinsurers, which was placed through Acrisure Re (formerly Beach & Associates).
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