NSM Insurance Group Acquires Assets of KBK Insurance Group
CONSHOHOCKEN, Pa., Dec. 3, 2018 — NSM Insurance Group has acquired the assets of KBK Insurance Group. Based in Harahan, LA, KBK is a highly specialized program manager in the towing and transportation space with over 25 years of experience.
Geof McKernan, CEO of NSM Insurance Group, said, “We are excited to continue our expansion in North America with KBK. The Murray brothers have a strong track record of providing excellent service and expertise to the niche industries they serve. They are a perfect fit for our portfolio of dynamic, specialized businesses. We welcome the KBK team to the NSM family.”
Ken Murray, President of KBK, added, “I am thrilled to be working with Geof and the team at NSM. Our cultures are a natural fit with each other. I truly believe we can offer both our clients and our insurer partners something unique. We look forward to working with NSM to deliver on our objectives in years to come.”
NSM Insurance Group is continuing to grow organically and through strategic M&A. NSM’s ambition is to be the leading provider of niche insurance programs in North America and the UK.
About NSM Insurance Group
NSM Insurance Group is the nation’s leading specialty insurance provider, exclusively focused on building successful insurance programs. For more than 30 years, NSM has been committed to delivering industry-specific insurance programs that help agents meet the unique needs of their customers and fuel market growth through innovative development, underwriting, distribution and claims management. The company has built more than $1 billion in premium across 20 specialty insurance programs and brands in the US and UK focused on collector cars; pets; social services and behavioral health; addiction treatment; coastal condominiums; transportation and towing; sports and fitness; professional liability for contractors, architects and engineers; habitational and E&S; staffing; and workers’ compensation. For more information on NSM, visit www.nsminc.com.