Neptune Flood, AXA XL strike partnership
September 11, 2019 - Neptune Flood, a St. Petersburg-based all-digital flood insurance program administrator, and AXA XL, a division of AXA, have entered a strategic underwriting partnership designed to expand Neptune Flood Insurance's capacity to homeowners throughout the United States. "The additional capacity and underwriting expertise of AXA XL will expand the availability of private flood and ultimately change the way homeowners buy flood insurance," Jim Albert, CEO of Neptune, said in a news release. Private residential flood insurance is a growth opportunity in a crowded property and casualty insurance market, said Chris Bressette, senior vice president and head of AXA XL's North America program business.