National Flood Services, which offers processing, claims and customer service for flood insurance programs, has named Ralph Blust as chief executive officer. Blust will replace interim CEO George Ruhana, who will continue in his role as operating partner.
Blust has a 30-year insurance career. He joins NFS from his position as president of Insureon Solutions, formerly Insurance Noodle, a management and markets access platform for independent insurance agents launched in 2000, acquired by Willis Group in 2007, and then acquired by Insureon in 2014. Blust helped build Insurance Noodle while at Willis from 2010 to 2014. He has also held executive positions with Crump and TIG Insurance in his career.
“We are at a pivotal moment for the flood industry. Customers need flood protection more than ever, and in a digital-first world, they rightly demand speed and simplicity. The substantial investments we are making in our services will create an unrivaled customer solution and we look forward to partnering with carriers across the country to serve their clients’ needs,” Blust said.
NFS was acquired from broker Aon last August by PEAK6, an investment firm which invests in and operates financial, technology and consumer businesses.
“We are fortunate to have found such a strong CEO in Ralph and are excited about the leadership qualities he brings to NFS,” said Ruhana.
NFS helps administer more than 30 of the largest flood insurance programs including ones for Write-Your-Own insurance companies participating in the National Flood Insurance Program (NFIP). It manages more than $1.4 billion of annual premium and more than 1.5 million policies.
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