Reinsurance News

Wright National to acquire flood insurance book from Westfield

6th January 2022 - Author: Katie Baker

Wright National Flood Insurance Company, has agreed to acquire the flood insurance policy book from Westfield Insurance Company (Westfield).

westfield-logoWright Flood will service, administer and issue flood coverage under the National Flood Insurance Program for Westfield policyholders and agents, whilst also assuming the servicing of Westfield’s private flood business.

Starting from early 2022, Wright Flood will manage Westfield’s NFIP flood placements.

All new policies and renewals will be issued by Wright National Flood Insurance Company, which is A.M. Best rated as A- (Excellent) for financial strength.

For retail agents accessing flood coverage through Westfield, there will be minimal change in the process to continue to provide NFIP flood insurance coverage for policyholders.

Wright and Westfield representatives will be in contact with their agents.

Patricia Templeton-Jones, the president of Wright National Flood Insurance Services commented: “Westfield has provided flood coverage solutions for the past 20 years for its agent partners and policyholders. We look forward to continuing their long history and providing their agents with our experience in the flood insurance industry.

“Since the inception of the National Flood Insurance Program, Wright Flood has been a premier provider of NFIP flood coverage and private flood options for homeowners and business owners.”

Craig Welsh, Westfield’s chief distribution officer added: “Wright has a well-established reputation of providing excellent service to customers and agents, especially at the time of a flood loss. We are confident customers will continue appreciating the peace of mind that comes with having flood coverage.”

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