October 20, 2014 – Marsh, a global leader in insurance brokingand risk management, today announced that it has signed adefinitive agreement to acquire Torrent Technologies, Inc., aleading service provider to Write Your Own (WYO) insurersparticipating in the National Flood Insurance Program (NFIP). Thetransaction is subject to customary closing conditions. Terms werenot disclosed.

Torrent’s approximately 100 employees will combine with Marsh’sexisting flood insurance specialists and remain headquartered inKalispell, Montana, to create a Flood Center of Excellence,offering the industry’s most comprehensive suite of flood insuranceproducts and services.

“Torrent Technologies is widely recognized as having the mostadvanced and unique suite of cloud-based technology solutions thatinterface with WYO insurers and the NFIP, including real-time,paperless claims handling and web-based pricing tools,” said PeterZaffino, President and CEO of Marsh. “We are excited about theopportunities this partnership presents for us as we look tofurther innovate in the flood insurance segment.”

Travis Pine, Chairman and CEO of Torrent, added: “We have alwaysbeen impressed with Marsh’s flood experience and strong commitmentto the NFIP. We couldn’t be happier to join the firm and areexcited that this combination will provide our clients the mostadvanced and holistic suite of NFIP-related capabilities availablein the market.”

The transaction marks an expansion of the existing relationshipbetween the two firms. In 2013, Marsh began using Torrent’s platform to access the NFIP.