Specialty insurance provider NSM Insurance Group has completed its acquisition of California-based Shield Commercial Insurance Services.
Shield is exclusively focused on underwriting business for small and mid-sized contractors, offering coverages for General Liability, Excess Liability, Workers’ Compensation, Inland Marine and Contractors Professional & Pollution Liability.
Bill McKernan, President of NSM Insurance Group, commented, “We are energized to continue our series of strategic acquisitions in the U.S. and U.K. with Shield.
“Shield is a fast-growing and best-in-class business with exceptional underwriting and a profitable track record. They are a perfect fit for our B2B portfolio of dynamic, specialized businesses.
“We will accelerate their growth by expanding their geographic footprint and national distribution with our robust network of 15,000+ agent partners across the country.”
Robert Anderson, President and Co-Founder of Shield Commercial Insurance Services, said, “We’re thrilled to join the NSM family of specialty insurance brands and further enhance and bolster our offerings to meet the unique needs of contractors.
“Over the last two decades, we have delivered innovative products for this niche segment and have built a tremendous reputation with agents and carriers alike — which has fueled our explosive organic growth over the last five years.”
NSM suggests it has developed a winning formula for building the industry’s most successful and sustainable programs, “consistently outperforming competitors and driving industry-leading growth and profitability” over the last four years.
According to the firm, this latest acquisition complements its portfolio of specialty insurance programs and brands for the commercial P&C industry and consumer insurance — backed by the company’s state-of-the-art resources, including IT, operations, marketing, HR and finance.
