Shield Commercial Insurance Services acquired by NSM Insurance Group
Specialty insurance provider NSM Insurance Group has completed its acquisition of Shield Commercial Insurance Services, a company specializing in insurance solutions for the general contractor and construction liability sector, based in Palm Desert, California.
NSM Insurance Group, an American firm, manages over $1.5 billion in premium across more than 25 niche insurance programs in the US and UK.
Shield Commercial Insurance Services is dedicated to underwriting business for small and mid-sized contractors, providing coverages for General Liability, Excess Liability, Workers’ Compensation, Inland Marine, and Contractors Professional & Pollution Liability.
Robert Anderson — Shield Commercial Insurance Services President and Co-Founder said: “We’re thrilled to join the NSM family of specialty insurance brands and further enhance and bolster our offerings to meet the unique needs of contractors.
“Over the last two decades, we have delivered innovative products for this niche segment and have built a tremendous reputation with agents and carriers alike — which has fueled our explosive organic growth over the last five years.”
Over the past 33 years, NSM Insurance Group has constructed a successful blueprint for the development of sustainable programs in the industry, consistently surpassing competitors and achieving industry-leading growth and profitability in the last four years.
This recent acquisition supplements NSM Insurance Group’s robust selection of specialty insurance programs and brands for the commercial P&C industry and consumer insurance. These offerings are bolstered by the company’s cutting-edge resources, spanning IT, operations, marketing, HR, and finance.
Bill McKernan — NSM Insurance Group President said: “We are energized to continue our series of strategic acquisitions in the U.S. and U.K. with Shield.
“Shield is a fast-growing and best-in-class business with exceptional underwriting and a profitable track record. They are a perfect fit for our B2B portfolio of dynamic, specialized businesses. We will accelerate their growth by expanding their geographic footprint and national distribution with our robust network of 15,000+ agent partners across the country.”