As part of the continued evolution of NSM Insurance Group, Novacore has been launched as an independent specialty insurance provider, leveraging advanced technology, automation, and analytics to drive performance, fuel growth, and transform niche insurance programs.
Building on NSM’s 35-year track record, Novacore is committed to transforming insurance for agents, carrier partners, clients, and the future.
The firm brings more than 20,000 agent partners nationwide, a portfolio of over 15 specialty programs, and a premier retail agency.
Novacore is focused on advanced technology, AI, automation, predictive analytics, and real-time intelligence, as well as scalable, innovative operations. The company also prioritises underwriting excellence and organic growth, alongside strategic acquisitions for long-term growth.
The launch follows NSM Insurance Group’s recent sale of its U.S. commercial insurance division to New Mountain Capital, a growth-oriented investment firm.
“This is a defining moment in our evolution,” said Aaron Miller, CEO of Novacore. “I’m honored to help lead this incredible team into a new chapter. We now have the opportunity to build on NSM’s stellar legacy and take it to bold, new heights. Novacore is our chance to embrace innovation fearlessly, meet the market’s evolving needs and blaze our own trail with a forward-looking mindset. The sky is not the limit — it’s just the beginning.”
Miller added, “Our goal is to become the most forward-thinking, agent-friendly MGA in the industry. We’re investing heavily in technology, automation and data-driven tools to simplify how agents and carriers do business with us. By streamlining workflows and elevating the customer experience, we’re creating a platform that delivers real value, drives sustainable growth and positions our partners for long-term success.”
With backing from New Mountain Capital, Novacore is positioned to scale its core programs in high-demand markets, while acquiring and launching new specialty brands to strengthen its platform and capabilities.
“We’re excited to support Novacore as it enters this next phase of growth with our resources and capital,” said Robert Mulcare, Managing Director at New Mountain Capital. “Novacore is a market leader with outstanding fundamentals and visionary leadership.”
Sean Donovan, Director at New Mountain Capital, added, “We are committed to helping the company scale its platform, invest in technology and talent, pursue strategic acquisitions and unlock new opportunities across the specialty insurance landscape.”
To support its growth, Novacore has also appointed several seasoned insurance executives, including Chase Clark as Chief Operating Officer and Chief Underwriting Officer, and Phil Dwyer as Executive Vice President of Corporate Development.
