NSM Insurance Group Acquires Shield Commercial Insurance Services

New Mountain Capital Acquires NSM Insurance Group's U.S. Commercial Insurance Division (rebranded Novacore)

April 15, 2025

Insurance

New Mountain Capital has completed the acquisition of NSM Insurance Group's U.S. commercial insurance division. The business — covering 15 niche insurance programs and NSM Insurance Brokers — will operate as an independent specialty commercial MGA (rebranded Novacore) to accelerate growth, innovation and scale under New Mountain's backing.

NSM Insurance Group Acquires ISO Student Health Insurance

July 30, 2024

Insurance

NSM Insurance Group, a specialty insurance provider headquartered in Conshohocken, Pennsylvania, has acquired ISO Student Health Insurance, a New York–based brokerage and plan administrator focused on health and travel insurance for international students. The acquisition expands NSM’s portfolio of travel and student insurance brands and leverages ISO’s direct-to-consumer digital enrollment platform and university distribution relationships to accelerate growth.

NSM Insurance Group Acquires Acquis Insurance Management

March 29, 2023

Insurance

NSM Insurance Group has agreed to acquire Acquis Insurance Management, a UK-based specialist provider of insurance programs to the asset finance market. The deal (subject to customary regulatory approvals) will expand NSM's footprint in Europe and the U.S. and provide Acquis with additional capacity and resources to accelerate growth after its 2019 MBO backed by Dunedin LLP.

NSM Insurance Group Acquires GIG Insurance Group and Gifford Wells Insurance

August 2, 2024

Insurance

NSM Insurance Group has acquired GIG Insurance Group (GIG), a Fort Lauderdale-based MGA focused on community association D&O and crime coverage, and Gifford Wells Insurance (GWI), an independent professional liability broker. The acquisitions expand NSM's specialty liability and professional liability capabilities and create cross-sell opportunities across NSM's existing niche insurance programs.

NSM Insurance Group Acquires Strategic Underwriters International

June 4, 2024

Insurance

NSM Insurance Group has completed the acquisition of Strategic Underwriters International (SUI), a Doylestown, Pennsylvania-based managing general agent (MGA) and leader in the facultative casualty reinsurance market. The deal expands NSM's specialty insurance capabilities in facultative casualty reinsurance and aims to leverage NSM's resources — including product development, technology systems and AI initiatives — to grow SUI's underwriting platform.

The Carlyle Group to Acquire NSM Insurance Group from White Mountains

May 9, 2022

Insurance

White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with The Carlyle Group for $1.775 billion. Carlyle will partner with NSM's founder-led management team to pursue operational improvements, accretive M&A and strategic investments in technology and data & analytics; the deal is expected to close in the second half of 2022, subject to regulatory approvals.