Neptune Flood increases premium capacity to $400 million for 2025

By Mia MacGregor

July 9 - (The Insurer) - AI-driven MGU Neptune Flood has secured more than $400 million in premium capacity for 2025, an increase from last year's $300 million.

Neptune's capacity panel now includes more than 30 insurance and reinsurance partners, encompassing global reinsurers and specialty carriers.

This expansion coincides with Neptune achieving nationwide availability in the U.S., following its recent launch in Alaska.

"Securing over $400 million in premium capacity demonstrates the strong support we've built across the global insurance and reinsurance markets," said Trevor Burgess, CEO of Neptune Flood.

Palomar Holdings announced in June that it had appointed Neptune Flood as its exclusive MGA for flood insurance.