NFIP chief Wright leaves FEMA to head IBHS

Roy Wright has resigned as the chief executive of Federal Emergency Management Agency‘s (FEMA's) National Flood Insurance Program (NFIP) to lead the Insurance Institute for Business & Home Safety (IBHS).

Wright will serve as the new president and CEO of IBHS, succeeding Julie Rochman.

David Maurstad will serve as acting deputy associate administrator for insurance and mitigation as well as the director of the NFIP, FEMA said.

Wright was appointed to the federal senior executive service in 2013.

“Roy made tremendous strides in updating the National Flood Insurance Program to ultimately benefit the policy holder and create a more solid financial framework for the program," administrator Brock Long said. "I personally want to thank Roy for his service to this country and wish him well in his new endeavour. While we are sad to see him go, we are thrilled that we will continue working alongside him to strengthen American communities against manmade and natural disasters.

"FEMA will continue to prioritize efforts to reduce the impact of future disasters on individuals and communities, working closely with the private sector to increase insurance coverage for all hazards.”

Frank Nutter, president of the Reinsurance Association of America, commented: “We will miss Roy’s leadership of the National Flood Insurance Program. He has worked tirelessly during his tenure at FEMA to improve the financial well-being of the Program through improved hazard mitigation initiatives and the utilization of private reinsurance to transfer risk from the NFIP – steps that will ease the financial burden for flood risk now borne by the federal government and ultimately, the American taxpayer.”

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