NSM Insurance Group, an insurance program administrator, said it has received a capital investment from a private equity investment firm.
NSM Insurance says the capital infusion from ABRY Partners will help enhance its ongoing growth and acquisition strategy. The firm has completed eight acquisitions and launched another six insurance programs in the past seven years.
“ABRY Partners provides more fuel for our acquisition and internal growth plans,” said Geof McKernan, CEO of NSM Insurance Group. “Now ABRY Partners boosts our ability to seek out new opportunities for growth through acquisition, organic program development and other direct and risk-bearing underwriting deals.”
NSM Insurance’s insurance programs include CAT-driven property, construction, workers’ compensation, collector cars, social services and professional liability for lawyers, dentists, insurance agencies and MGAs.
Headquartered in Conshohocken, Penn., NSM Insurance reports some $300 million in premiums written annually. It has additional offices in Texas, California, New Jersey and New York.
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