AXA XL enters partnership with insurtech, expands private residential flood

By September 12, 2019News

Insurance Business

AXA XL has entered a strategic underwriting partnership with all-digital flood insurance program administrator Neptune Flood Insurance.

The partnership will expand Neptune Flood Insurance’s capacity to homeowners in the US, a release said.

“Private residential flood insurance in the US has emerged as a rare growth opportunity in an otherwise crowded P&C market. We are thrilled to be working with such a capable delegated program administrator partner,” said AXA XL North America senior vice-president and head of program business Chris Bressette.