Neptune, Transverse to Expand Flood Offering with $30M Premium Capacity Program April 30, 2021 Neptune Flood, an AI-driven flood insurance provider, has expanded its capacity through a new program sponsored by Transverse Insurance Group and backed by a panel of global reinsurers, which was placed through Acrisure Re (formerly Beach & Associates). Neptune policies placed with the program will carry the Transverse AM Best A- (Excellent) rating. Neptune will use the $30 million premium capacity program to meet demand for its flood insurance alternative to the government backed NFIP program. The program will look to protect approximately $10 billion in home and business value from the catastrophic risk of flooding.