Platinum acquires Flood Risk Solutions

Platinum Specialty Underwriters , an underwriting firm specializing in hard-to-insure risks, has made a strategic acquisition with the purchase of Flood Risk Solutions .

Established in 2017 by Brendan Moeller and Eugene Podokshik, Flood Risk Solutions offers commercial and residential solutions under one accessible platform.

FRS tools include a flood insurance multi-rater and parametric insurance.

‘Joining forces with Platinum Specialty Underwriters represents a remarkable milestone for Flood Risk Solutions. This partnership enables us to amplify our impact and fulfill our mission of democratizing access to flood insurance.” – Eugene Podokshik, cofounder of FRS.

“Together, we are poised to revolutionize the flood insurance industry and better serve the needs of our clients. Our aligned commitment to excellence and customer-centric approach will set a new standard in the industry, ensuring that our clients receive unparalleled support and protection in the face of increasing flood risks.” – Brendan Moeller, cofounder of FRS.

“Platinum invests in underwriting teams and businesses with a collaborative entrepreneurial ethos, mirroring Flood Risk Solutions’ unwavering commitment to excellence. Their cutting-edge systems streamline the entire process, empowering individuals and businesses to secure the protection they need at the most competitive pricing available.” – Jeff Heath, President at Platinum Specialty Underwriters.