NSM Insurance Group Acquires Sequoia Re, IOA Re and Rockport MGUs from J.C. Flowers/ELMC
March 20, 2023
NSM Insurance Group has completed the acquisition of Sequoia Reinsurance Services, IOA Re (and its divisions Rockport Benefits and Insurance Resources and Auditing Services) from ELMC Risk Solutions, a portfolio company of J.C. Flowers & Co. The deal establishes a dedicated platform in medical stop loss and managed care, expanding NSM's specialty insurance capabilities and distribution reach.
- Buyers
- NSM Insurance Group
- Targets
- Sequoia Reinsurance Services, LLC, IOA Re, LLC, Rockport Benefits, Insurance Resources and Auditing Services, LLC
- Sellers
- ELMC Risk Solutions, LLC, J.C. Flowers & Co.
- Industry
- Insurance
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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 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.
-
NSM Insurance Group Acquires Shield Commercial Insurance Services
July 10, 2023
Insurance
NSM Insurance Group has acquired Shield Commercial Insurance Services, a Palm Desert-based underwriting business specializing in insurance for small and mid-sized contractors. The acquisition expands NSM’s portfolio of specialty insurance programs and aims to accelerate Shield’s growth through NSM’s national agent distribution and expanded geographic footprint.
-
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.
-
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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.