NSM Insurance Group has acquired Specialty Aviation Underwriters, a company offering specialty aviation products for more than 20 years.
NSM Insurance Group underwrites more than 20 admitted and non-admitted insurance programs in specific, niche markets. These markets include architects and engineers, collector cars, coastal condominium associations, social service, hospitality, professional liability for lawyers and dentists, construction and workers compensation.
NSM Insurance Group is experienced in insurance program administration, with nine offices strategically placed across the country in New Jersey, Pennsylvania, Illinois, Texas, Arizona and California. NSM aims to grow organically and through acquisition. The company follows a model of blending marketing, underwriting discipline, and back-room processes. NSM group is seeking to acquire additional program managers and niche-specific insurance businesses.
"I'm really excited about SAU; they are specialists in the aviation industry, and that perfectly fits our model for class expertise, distribution and agent relationships,” said Geof McKernan, CEO, NSM Insurance Group. “SAU is a tremendous platform which to expand and grow more deeply into the aviation industry. We will be expanding their capacity, their underwriting appetite and their territorial reach."
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