Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

National Flood Services Names Ralph Blust as Chief Executive Officer

May 13, 2019

KALISPELL, Mont.--(BUSINESS WIRE)--May 13, 2019--National Flood Services announces the appointment of Ralph Blust as chief executive officer. Blust will replace interim CEO George Ruhana, who will continue in his role as operating partner.

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Ralph Blust -- CEO, National Flood Services (Photo: Business Wire)

“We are fortunate to have found such a strong CEO in Ralph and are excited about the leadership qualities he brings to NFS,” said George Ruhana. “We are building world-class technology and solutions to protect the nation from the impact of flooding. With over 30 years of insurance industry experience, Ralph is uniquely positioned to advance these benefits for our clients and their consumers.”

Blust said, “NFS is the leader in flood insurance solutions and I am honored and excited to be joining such a talented team and helping NFS accomplish its next phase of growth. The combination of the company’s expertise in flood insurance, and the ambition and technology capabilities of PEAK6 means there is no one better placed to create a new era of growth and customer focus in the insurance space.

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 unrivalled customer solution and we look forward to partnering with carriers across the country to serve their clients’ needs.”

Blust joins NFS after an acquisition by PEAK6 last year. He brings a successful track record of driving growth in the insurance industry by leveraging technological innovation and deep partnerships with clients and carriers.

About National Flood Services

National Flood Services is a leader in flood insurance solutions. We are the largest flood solution provider in the industry, helping administer over 30 of the largest and most complex programs. Through our efforts in close partnership with the Federal Emergency Management Agency and WYO’s, we manage over $1.4bn of annual premium and more than 1.5m policies, furthering our mission of improving people’s lives by reducing the damaging impact of flooding. National Flood Services is a portfolio company of PEAK6, a Chicago-based operating company that specializes in technology investments. For more information on National Flood Services, visit www.nationalfloodservices.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005216/en/

Tony Caponigro,tcaponigro@peak6.com, O: 312.444.8000



SOURCE: National Flood Services

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PUB: 05/13/2019 07:00 AM/DISC: 05/13/2019 07:01 AM