Tower Hill Insurance NFIP Agreement with Wright National Flood

TigerRisk Capital Markets & Advisory acted as Financial Advisor to Tower Hill Insurance Holdings

Agreement and Company Overview

Tower Hill announced an agreement with Wright National Flood regarding its NFIP Flood business

  • Wright will service, administer and issue NFIP flood coverage for Tower Hill policyholders and agents
  • Terms of the agreement were undisclosed

Tower Hill is currently the 6th largest NFIP Flood writer in Florida, with ~$50 million of DPW in 2017

Tower Hill is one of Florida’s largest residential property insurers

  • Represented by more than 850 insurance agencies throughout the state
  • Tower Hill has been protecting Florida’s home and business owners for nearly half a century

Wright is a leading WYO carrier and a provider of private flood coverages in the U.S.

  • Over $600 million of DPW in 2017
  • Network of over 17,000 independent agents and 300 NFIP flood-trained associates nationwide

TigerRisk Capital Markets & Advisory Role

TCMA served as financial advisor to Tower Hill Insurance Holdings

  • Provided essential financial and structural advice throughout the process
  • Key steps led by TCMA included:
    • Provided market insights and data analysis to support terms of the agreement
    • Assisted in the preparation of financial presentations for potential partners
    • Managed a highly competitive process while marketing the partnership to multiple parties
    • Recommended specific terms & conditions to ensure an optimal outcome for all parties