We're sorry but your browser is not supported by Marsh.com

For the best experience, please upgrade to a supported browser:



Marsh’s Torrent Technologies Launches New Excess Flood Policy

New York   |   September 10, 2015

Automated Solution Combines Broad Coverage With Real-time Quoting And Binding

Torrent Technologies, Inc., a Marsh company, in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), announce today the availability of a new excess flood insurance solution that combines broad coverage with real-time quoting and binding functionality.

Underwritten by Lloyd’s of London coverholder DUAL Commercial LLC, Torrent/DUAL Excess Flood provides up to $15 million in insurance protection above NFIP limits for residential and commercial property owners and up to $20 million in coverage for condominium owners. Limits are written on a per risk basis and can cover damage to buildings and contents. Other coverage options, including loss of income/rents and earthquake, are also available to policyholders.

Unlike other excess flood options that are manually underwritten, Torrent/DUAL Excess Flood is offered via Torrent’s state-of-the-art flood platform, allowing insurance agents to quote, bind, and issue policies in real time. The automated claims adjusting process is handled hand-in-hand with the NFIP claims review to enable consistency and promptness of recovery.

“The upcoming anniversary of Superstorm Sandy is a stark reminder of how a major storm can quickly erode flood coverage purchased through the NFIP, leaving home and business owners financially exposed to millions of dollars in losses,” said Ian Macartney, Marsh’s Flood Insurance Services Practice leader. “With Torrent/DUAL Excess Flood coverage, Torrent’s WYO carriers and insurance agents can offer their NFIP clients a comprehensive excess flood insurance solution, giving them peace of mind quickly and efficiently.”

Patrick Small, managing director of DUAL Specialty Property, added: “Flooding is the number one natural disaster in the US, causing billions of dollars in damage to hundreds of thousands of businesses and homes annually. We are pleased to work with Torrent and its WYO carriers to offer additional capacity to property owners seeking a more comprehensive solution in conjunction with the NFIP.”

Under the NFIP, commercial property owners can purchase up to $500,000 in building and $500,000 in content coverage, while residential property owners can purchase up to $250,000 in building coverage and up to $100,000 in content coverage.

Torrent/DUAL Excess Flood is available in all 50 states.

About DUAL Commercial

DUAL Commercial LLC is a leading Specialty Program Administrator offering property and casualty products through several specialized subsidiary companies. DUAL Commercial currently has 12 underwriting offices throughout North America that underwrite and manage unique insurance programs utilizing advanced technology and simplified distribution methods. DUAL Commercial is a part of the DUAL Group, which is the world’s largest international underwriting agency and Lloyd’s largest international coverholder with offices in 13 countries.


About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.