NSM Insurance Group has announced a strategic expansion through the acquisition of GIG Insurance Group and Gifford Wells Insurance, marking a significant move in the specialty insurance sector. With over $1.8 billion in premiums across more than 25 niche insurance programs, NSM’s latest acquisitions bolster its position in the directors and officers (D&O) liability, crime, […]
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 […]
White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to investment funds affiliated with Carlyle for $1.775 billion. NSM Insurance Group is a US-based full-service managing general agent (MGA) and program administrator for specialty property and casualty insurance. It places insurance in niche sectors like social services, […]