Neptune Flood Partners with Somers Syndicate 3705 to Expand Underwriting Capacity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Businesswire
- Partnership Expansion: Neptune Flood's new partnership with Somers Syndicate 3705 enhances underwriting capacity to support its insurance offerings, reflecting ongoing market interest in private flood insurance.
- Market Growth Potential: This collaboration broadens Neptune Flood's network of global insurance partners, strengthening its competitive position in the U.S. flood insurance market to meet the increasing demand for homeowner and business protection.
- Tech-Driven Insurance Platform: Leveraging advanced data science and automated underwriting, Neptune Flood delivers fast and accurate insurance products, boasting over 260,000 policies in force nationwide as of September 30, 2025.
- Industry Leadership: The partnership with Somers Syndicate 3705, a Lloyd's underwriting entity, will drive continued growth for both parties in the private flood insurance market, further solidifying Neptune's leadership position in the industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
