NSM INSURANCE GROUP ANNOUNCES NEW DIRECTOR OF RETAIL
CONSHOHOCKEN, PA (January 18, 2017) – NSM Insurance Group announced that John Buler has been promoted to the Director of the NSM Retail department. NSM Retail provides commercial property and casualty insurance and risk management services to middle market businesses throughout the United States.
Buler has worked at NSM for over six years, most recently serving as an Account Executive. In his newly expanded role, he will oversee all operations of the Retail department, including account retention, new business marketing, and carrier relationships.
“John has been an integral part of the team and has consistently proven himself to be an asset to our company. We are confident that the department will continue to thrive under his strong leadership,” said Bill McKernan, President of NSM Insurance Group.
About NSM Insurance Group
NSM Retail is a leading commercial property and casualty insurance services firm. For over 25 years, we have partnered with our clients to design insurance solutions that are tailored to their unique business needs. For more information, contact Bill McKernan at 800-970-9877 ext. 111 or visit www.nsminsurancebrokers.com.
NSM Insurance Group Completes First International Acquisition with Vantage Holdings
CONSHOHOCKEN, PA (October 26, 2016) – NSM Insurance Group, the national leader of industry-specific insurance program administration, announced Tuesday that it has acquired Vantage Holdings, a leading collector car and outdoor leisure program administrator in the UK, subject to FCA approval. This marks NSM Insurance Group’s first international acquisition, and will serve as a platform for expanding NSM’s presence in UK markets.
Vantage Holdings, which includes Vantage Insurance Services and Classic Insurance Services, is an industry-specific insurance program administrator that was established in 2004. The Classic Insurance Services program, which specializes in insuring classic cars, classic motor trade and high net worth collections, is the fourth collector car insurance program to be added to NSM’s portfolio. Additionally, Vantage Insurance Services is one of the largest insurers of outdoor leisure and tour operator liability in the UK.
“We are excited to welcome Vantage Holdings to the NSM family,” Geof McKernan, CEO of NSM Insurance Group, said. “A key aspect of our growth plans for this year was to find an opportunity to expand our business at the international level. We were attracted to Vantage because they have been aggressive and efficient in building their business over the past decade and have a reputation as a leading program administrator. Like us, Vantage is laser-focused on products for niche industries where they can achieve profitable, sustainable and renewable growth. Their shared approach to the insurance marketplace coupled with their ambitious, fast paced culture made Vantage a natural for us.”
“We are absolutely delighted to be partnering with a business like NSM,” John Collyear, CEO of Vantage said. “They, like us, are a highly specialized program administrator with substantial underwriting authority entrusted to them by their carriers. We are excited about the opportunities that lie ahead as we embark on a growth strategy and the beginning of our next chapter of development with NSM.”
“NSM likes to do business with the UK because the insurance market is relationship driven and insurers continue to be innovative in their product design and in their overall view on insuring a very wide array of exposures,” McKernan explained. “This acquisition provides us with a platform for entering the marketplace in the UK and competing on the international level. We will continue to enhance and grow Vantage’s current books of business in the collector car, outdoor leisure and tourism spaces, and explore opportunities to expand into new industries.”
ABRY PARTNERS AND NSM INSURANCE GROUP TEAM UP AGAIN
CONSHOHOCKEN, PA., (August 4, 2016) – NSM Insurance Group announced today an agreement to enter into a joint venture with ABRY Partners and AIG. AIG will contribute its controlling equity ownership of NSM into the joint venture, which will be majority owned by ABRY. NSM Insurance Group is a leader and national expert on insurance program administration.
“ABRY Partners enhances our ability to seek out new opportunities for growth through acquisition, organic program development and other direct and risk-bearing businesses,” said Geof McKernan, CEO, NSM Insurance Group. “We have dynamically grown our operations for 26 years. In the last 10 years we have completed over 16 acquisitions and launched 8 new insurance programs. We are actively seeking insurance business, both here in the US as well as in the UK.”
“We are excited to be partnering with NSM and AIG to build the world’s leading specialty MGA platform,” said Brent Stone, a Partner at ABRY. “The combination of NSM’s expertise driving consistently profitable premium, ABRY’s proven ability to grow businesses both organically and through acquisition and AIG’s world renowned underwriting capabilities creates and opportunity to drive significant and sustained value for all parties involved”
“Having two strong, dynamic partners will only speed our growth and diversification in the niche specialty insurance business,” said McKernan.
Director of Production Chosen for Insurance Business America Elite Women List
CONSHOHOCKEN, PA (July 19, 2016)- Kaycie Berley, Southwest Director of Production for NSM Insurance Group, was recently recognized in Insurance Business America’s Elite Women edition. She was selected alongside 143 other women who have helped shatter the industry’s glass ceiling and hold high level positions across the insurance industry.
Insurance Business America (IBA) surveyed its readership and top insurance companies to identify women whose personal and professional accomplishments place them among the industry’s top performers. IBA explains that together these women, who hold positions spanning from CEOs of major corporations to founders of startups, demonstrate that the insurance industry is no longer dominated exclusively by men.
Kaycie’s diverse 14-year career in insurance drew the attention of IBA and its readership, and earned her a spot among these impressive women. “It is an honor to be recognized by Insurance Business America beside so many accomplished women who are defining the future of the insurance industry,” Berley said. “This is an exciting time for women in our industry, and I expect that to continue far beyond 2016.”
Click here to see the full list of honorees.
About NSM Insurance Group
For more than 25 years, NSM Insurance Group has been an industry leader in the development, implementation, marketing and underwriting of industry-specific insurance programs. The company’s insurance programs include social services and behavioral health; CAT driven property; collector cars; workers’ compensation; aviation; sports and fitness; microbreweries; and professional liability for lawyers, dentists, architects and engineers. NSM Insurance Group is aggressively seeking to acquire additional Program Managers and niche specific insurance businesses. For more information, contact Bill McKernan at 800-970-9877 ext. 111.
Staffing Lines Insurance Program Offers Complete Package for Staffing Industry
CONSHOHOCKEN, PA – (May 19, 2016) Staffing Lines insurance program, a division of NSM Insurance Group and the leader in workers’ compensation for the staffing industry, announced that it has expanded its insurance offerings. The exclusive program with ARCH Insurance will now offer a full package with complete lines of coverage that was specifically designed to meet the unique needs of the staffing industry.
For more than 25 years, the Staffing Lines program has been the stable partner of choice for the staffing industry and is known for excellent customer service, superior claims handling, and low minimum premiums. “The addition of the package offering to our industry-best workers’ comp coverage makes us a one-stop shop for all of the insurance needs of our staffing industry clients. They will be able to bind both policies seamlessly with the same carrier, while still having the option to access the package or work comp separately depending on their needs,” Jennifer Porter, Director of Staffing Lines, explained.
The new package is an admitted product available in all states, and coverages include staffing E&O, general liability, EPLI and EBL, crime, property, auto/HNOA, cyber liability and excess liability.
Contract placement firms, temp staffing firms, and direct placement firms are still eligible for the program, and the package is now available for VMS’s, ASO’s and PEO’s. Staffing Lines insures firms that staff a variety of industries including light industrial and manufacturing; healthcare; clerical and administrative; technical professional including A&E, finance and attorneys; skilled and unskilled construction; hospitality; wholesale and warehouse; and more.
Visit www.staffinglines.com for more information.
About NSM Insurance Group
For more than 25 years, NSM Insurance Group has been an industry leader in the development, implementation, marketing and underwriting of industry-specific insurance programs. NSM Insurance Group is aggressively seeking to acquire additional program managers and niche-specific insurance businesses. For more information, contact Bill McKernan at 800-970-9877 ext. 111.
NSM Insurance Group Announces New Director of Production
CONSHOHOCKEN, PA (April 25, 2016) – NSM Insurance Group, one of the leading program administrators of niche industry-specific programs, announced that Kaycie Berley returned to the company as the Southwest Director of Production on April 18, 2016.
Berley previously worked at NSM in business development and then as a branch manager for Pat Moore, a professional liability wholesale brokerage formerly owned by NSM. Most recently, Berley served as the AVP of Business Development at Allied World Insurance Company. She is a graduate of Texas A&M University and worked in education and the sports and wellness industry before moving to the insurance industry in 2002.
“We are very pleased to welcome Ms. Berley back to NSM,” said Geof McKernan, CEO of NSM Insurance Group. “Her leadership, expertise and proven track record of driving business are an asset to our company and we are glad that she is part of our team again. She has made significant contributions to NSM in the past, and in her new position, she will play an instrumental role in growing our business in the southwest region.”
About NSM Insurance Group
For more than 25 years, NSM Insurance Group has been an industry leader in the development, implementation, marketing and underwriting of industry-specific insurance programs. NSM Insurance Group is aggressively seeking to acquire additional Program Managers and niche-specific insurance businesses. For more information, contact Bill McKernan at 800-970-9877 ext. 111.
NSM Insurance Group Acquires Heacock Classic Collector Car Insurance
CONSHOHOCKEN, PA (March 2, 2016) – NSM Insurance Group, the national leader of industry-specific insurance program administration, announced Tuesday that it has acquired Heacock Classic, a division of Heacock Insurance Group that provides collector car insurance. Heacock Classic is the third collector car insurance business that NSM Insurance Group has acquired. This marks NSM Insurance Group’s third acquisition in the collector car insurance industry.
Heacock Classic, originally CollectorGuard, was established under the Heacock Insurance Group umbrella in 1990 by Ford Heacock III. Over the past 26 years, Heacock has grown the division, both organically and through acquisitions, to insure over 30,000 clients nationwide. Its reputation as a high quality organization that provides top-tier customer service made it an attractive business to NSM Insurance Group.
“The timing was just right [for this transaction],” Heacock said, “When the opportunity to sell to a company that would keep the Heacock Classic team and name in place arose, I felt it was just too good to pass up. I am extremely proud of our team, and I am excited to see this business continue to grow and succeed under NSM’s leadership.” Current Heacock Classic clients will not experience any disturbance and can continue to expect business as usual.
“We are excited to bring Heacock Classic into the NSM family and to continue to grow the business,” Geof McKernan, CEO of NSM Insurance Group, said. “Ford has done a tremendous job building this business and we are pleased that he has agreed to continue to serve as the face of Heacock Classic and as a brand ambassador for the foreseeable future.”
NSM Insurance Group first entered into the collector car insurance marketplace with the acquisition of Condon Skelly in January of 2010. In January of 2014, NSM Insurance Group announced that they had acquired American Collectors Insurance which expanded their reach in the market. The addition of Heacock Classic has positioned NSM as a dominant player in the collector car industry.
“NSM now owns three powerful brands in this niche market,” McKernan explained. “With this most recent acquisition, we are able to offer collectors a variety of quality products from different companies that are all built on the same standards- providing outstanding customer service and caring about their insureds. We are excited to continue to expand our footprint in this market with all three of our businesses.”
NSM CEO Chosen for IBA’s Hot 100 List
Geof McKernan, CEO of NSM Insurance Group, was recently selected as a member of Insurance Business America’s 2015 Hot 100 List. McKernan was recognized for his role in brokering a high-visibility partnership with AIG that he said would “power [NSM’s] acquisitions and internal growth plans.”
Every year, Insurance Business America asks its readership to nominate professionals at all levels that are industry thought leaders, influencers and innovators, who made waves in the industry during the year. Insurance Business America then narrows down the nominations to the 100 people that felt made the greatest impact, either through a series of accomplishments throughout the year, or one bold move that garnered the industry’s attention.
Honorees on the 2015 Hot 100 list represent a diverse sampling of the industry, from executives at major insurers to local heroes, and their accomplishments range from large acquisitions and investments to rapidly growing books of business and revenue.
“It is an honor to recognize by Insurance Business America alongside so many accomplished professionals who are shaping the future of the insurance industry,” McKernan said. “Last year was an exciting year for NSM Insurance Group, and the industry can expect to continue to see this entrepreneurial organization seeking new opportunities and programs to drive growth in 2016.”
Click here to see the full list of honorees.
NSM Insurance Group Announces New Director of Northeast Region
CONSHOHOCKEN, Pa., Oct. 29, 2015- NSM Insurance Group, one of the leading program administrators of niche industry-specific insurance programs, announced that Dan Mogelnicki joined the company as the Director of the Northeast Region on Oct. 28, 2015. In his role, Dan will be responsible for expanding NSM’s territorial reach in the Northeast region of the country.
Most recently, Mogelnicki served as the President of NIF Group’s largest branch in Manhasset, NY. He was responsible for overseeing the company’s social services program, its largest and most successful division. Dan also managed the Binding Authority and Wholesale Broking department at the NY branch. Mogelnicki has spoken at many professional organization events and has been frequently quoted in insurance trade publications.
He began his insurance career nearly 35years ago at Atlantic Mutual Insurance Company’s New York City branch. Mogelnicki is a graduate of St. John’s University of Risk Management and currently serves on his alma mater’s alumni board.
“We are pleased to welcome Mr. Mogelnicki to NSM. He is truly an expert in the social services industry and our team will benefit from his extensive experience managing large, successful programs,” said Geof McKernan, CEO of NSM Insurance Group. “We are confident that under his leadership, our programs will continue to see positive growth in this region.”
NSM Insurance Group Announces New Brewery & Winery Insurance Program
CONSHOHOCKEN, Pa., June 2, 2015 — NSM Insurance Group, the national leader of industry-specific insurance program administration, announced the launch of its new Brewery & Winery Insurance Program to provide specialized coverage for the craft beverage industry.
NSM’s Brewery & Winery Insurance Program is an exclusive program with an admitted A+ rated carrier that will provide superior coverage for wineries, breweries and brew pubs. Coverages include property, general liability, cyber liability, crime, equipment breakdown, inland marine, automobile, umbrella and specialized enhancements.
“The craft beverage industry is booming and we expect to see continued growth over the next five years,” said Geoff Pratt, the director of the Brewery & Winery Insurance Program. “We designed this program to help agents take advantage of this substantial growth and expand their footprint in the market by offering a specialized, comprehensive coverage solution.”
As with of all NSM Insurance Group’s programs, agents can expect excellent customer service, expert underwriting, and superior coverages for all breweries, wineries and brew pubs nationwide.
“We have invested a significant amount of time and resources into researching and understanding this niche industry,” Geof McKernan, CEO of NSM Insurance Group said. “We are confident that we have created a premier product that addresses the specific needs of the craft brew industry and we look forward to becoming the leading insurance program in the marketplace.”
For more information about the Brewery & Winery Insurance Program, contact Geoff Pratt at 800-970-9778 x154 or email@example.com.