Insurtech Floodflash has agreed phrases to be purchased by US parametric insurance coverage specialist NormanMax Insurance coverage Holdings.
As soon as accredited by the Monetary Conduct Authority, Floodflash will proceed to function as an MGA and Lloyd’s coverholder, and its product will proceed to be obtainable to brokers and prospects within the UK.
Straightforward choice
Adam Rimmer, CEO and co-founder of Floodflash, pictured, stated: “I’m more than happy to share the information of the acquisition of Floodflash by NormanMax and might’t wait to work intently with Brad [Meier, CEO of NormanMax], and the NormanMax group.
“This was a straightforward choice: there are highly effective
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