Align Financial acquires underwriting manager NationsBuilders Insurance
Align Financial Holdings, a general agency and specialist program underwriting manager, has acquired Atlanta-based underwriting manager NationsBuilders Insurance Services (NBIS).
The financial terms of the deal were not disclosed.
NationsBuilders Insurance Services is specialized in offering risk management, underwriting and claims handling expertise to the crane and rigging, concrete pump, specialized transportation, equipment rental, and dealer industries.
Bill Tepe — President of NationsBuilders Insurance Services said: “Align is the right company to lead NBIS into its next chapter. Their focus on quality underwriting and service, strong carrier and producer relationships, and people-first approach complements the NBIS culture very well.
“We appreciate the leadership of our Board of Directors led by SunTx Capital Partners over the years, and are excited about the opportunities to further grow and expand our products and services in partnership with Kieran and the team at Align.”
Align Financial said that the acquisition aligns with its strategy of developing a high quality and increasingly diversified underwriting business that provides a wide portfolio of specialty property and casualty (P&C) programs to a growing base of customers, agents, and brokers.
Kieran Sweeney — Founder and CEO of Align Financial said: “NBIS has a strong reputation as the leading specialty underwriting manager in the crane & rigging, specialized transportation and concrete pumping industries.
“Bill Tepe and his management team have over twenty years’ experience developing the products and risk solutions needed to best support the specialist producers and industry associations that serve these industries. We look forward to working with the entire NBIS team and their excellent carrier partners to grow and be successful well into the future.”