Reinsurance News
Neptune Flood
Neptune Flood launches insurance app within ChatGPT
12th March 2026
Neptune Flood has launched a digital flood insurance app within ChatGPT, allowing property owners to receive real-time preliminary flood insurance quotes from Neptune directly through the platform. According to Neptune Flood, customers can now ask questions about coverage and receive an instant preliminary quote through a conversational AI interface, “simplifying the ... Read the full article
Neptune’s total revenues grew 39% to $43.8m in Q4’25
19th February 2026
Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, has reported total revenues of $43.8 million for the fourth quarter of 2025, a 39% increase compared to $31.5 million in the same period a year earlier. In Q4’25, written premium amounted to $100.3 million, a 41% increase compared to ... Read the full article
Neptune Flood adds underwriting capacity through new Lloyd’s syndicate partnership
7th January 2026
Neptune Flood, a private flood insurance provider in the US, has entered into a strategic partnership with Somers Syndicate 3705 to bring additional underwriting capacity to support its suite of insurance offerings. Somers Syndicate 3705 is the Lloyd’s insurance operation of Somers Re Ltd, a global insurance and reinsurance firm with ... Read the full article
US government shutdown stalls flood insurance renewals, leaving homeowners at risk: AM Best
14th October 2025
According to a new report from the credit rating agency AM Best, the ongoing US government shutdown has halted the ability of a key federal agency to renew existing flood insurance policies or issue new ones under the National Flood Insurance Program (NFIP), potentially affecting millions of homeowners as the ... Read the full article
Private flood market ready and better prepared to manage risks: Neptune Flood
9th October 2025
A new report from Neptune Flood has suggested that the National Flood Insurance Program (NFIP) continues to assume risks the private market is “ready and better prepared” to handle, with roughly 95% of new policyholders eligible for private coverage. "For more than 50 years, the private insurance industry was unable to ... Read the full article
Neptune Insurance announces $20 per share IPO
1st October 2025
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, has announced the pricing of its initial public offering (IPO) for the sale of 18,421,053 shares of its Class A common stock at $20 per share. Neptune filed a registration statement with the U.S. Securities and Exchange ... Read the full article
Neptune Insurance files for IPO on the New York Stock Exchange
4th September 2025
Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, has announced the public filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. The company intends to list its shares on the New ... Read the full article
Neptune Flood exceeds 250,000 policies in force
5th August 2025
Neptune Flood, a private flood insurance provider in the US, has announced that it has surpassed 250,000 policies in force, reinforcing its position in the private flood insurance market and highlighting continued adoption of its approach to flood protection. Since launching in 2018, the company has expanded to all 50 states ... Read the full article
Neptune Flood expands premium capacity to over $400m for 2025
9th July 2025
Neptune Flood, a provider of private flood insurance in the US, has announced it will have more than $400 million in premium capacity for 2025. This marks a significant jump from the $300 million secured in 2024 and highlights the company’s sustained growth within the private flood insurance sector. Neptune’s capacity now ... Read the full article
Neptune appointed as Palomar’s exclusive MGA for flood insurance
27th June 2025
Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will become Palomar’s exclusive managing general agent (MGA) for flood insurance. Palomar will gain access to Neptune’s AI-powered ... Read the full article
Insurance protection gap widens as flood risk accelerates in Texas: Neptune
23rd May 2025
Increased flood vulnerability in Texas has revealed a widening insurance gap that threatens to increase the financial loss of future flood events, a new report from the Neptune Research Group has revealed. Experts predict that over the next three decades, over 2.1 million properties will face flood exposure, and over 200,000 ... Read the full article
Neptune Flood surpasses $100bn of insured value
2nd May 2025
Florida domiciled Neptune Flood, a private flood insurance provider, has surpassed $300 million in premium in force, over 235,000 policyholders, and over $100 billion of insured value. These milestones underscores the firm's commitment to the private flood insurance market, driven by cutting-edge technology, data-driven underwriting, and protecting homeowners and businesses from ... Read the full article
Neptune Flood reveals key leadership appointments to support continued growth
17th April 2025
Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will lead Neptune’s strategic initiatives, manage partnerships, and oversee daily operations. Since joining the company, he ... Read the full article
Flood insurance protection gap widening in central Appalachia: Neptune
11th April 2025
Catastrophic flooding in early 2025 has highlighted the growing flood risk across Kentucky, Tennessee, and West Virginia, however, flood insurance participation is rapidly declining from an already low base, leaving the region financially exposed, according to a recent analysis by Neptune Flood. The central Appalachian states of Kentucky, Tennessee, and West ... Read the full article
Neptune Flood proposes roadmap to shift NFIP policies to private market
18th February 2025
Neptune Flood, a provider of private flood insurance in the United States, has unveiled a roadmap for transitioning National Flood Insurance Program (NFIP) policies to the private market, in order to reduce the government’s financial exposure to flood risk. In its latest report, Neptune Flood found two main structural issues that ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
