US-based private flood insurance company, Neptune Flood, has promoted Matt Duffy to the role of Managing Director (MD) and Chief Risk Officer.
Duffy has been with the company for three years, serving as the Chief Risk Officer. Previously, he served as the Executive Vice President of Enterprise Technology Solutions at Bank OZK.
During his tenure, he has played a pivotal role in overseeing Neptune’s data science operations, capacity management, and the integration of artificial intelligence into risk underwriting.
Trevor Burgess, President & Chief Executive Officer, Neptune Flood, “Matt’s promotion to Managing Director reflects his significant contributions and our confidence in his leadership abilities.
“His expertise in risk management and technology has been instrumental in advancing our capabilities and positioning Neptune at the forefront of innovation in the flood insurance industry. We are excited to see Matt take on this new role and continue to drive our mission forward.”
Duffy concluded, “I am honored to take on the role of Managing Director at Neptune. With the integration of Charles River Data, we are poised to make even greater strides in leveraging AI and ML to provide superior risk management solutions.
“I look forward to continuing to work with our talented team to drive innovation and deliver exceptional value to our customers and our risk-taking partners.”
This announcement follows Neptune’s recent acquisition of Charles River Data, a Boston-based data science consulting firm. This strategic acquisition is expected to significantly accelerate Neptune’s advancements in artificial intelligence and machine learning, enhancing its capabilities in risk underwriting and reinforcing its position as a leader in the insurance industry.
