M&A Deal Summary

NSM Acquires GIG Insurance

On August 2, 2024, NSM acquired insurance company GIG Insurance

Acquisition Highlights
  • This is NSM’s 22nd transaction in the Insurance sector.
  • This is NSM’s 16th transaction in the United States.
  • This is NSM’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-08-02
Target GIG Insurance
Sector Insurance
Buyer(s) NSM
Deal Type Add-on Acquisition

Target

GIG Insurance

Fort Lauderdale, Florida, United States
GIG provides director and officers (D&O) liability insurance and crime insurance coverages through a cutting-edge technology platform, which allows agents and brokers to quote, bind and issue policies. GIG Insurance was formed in 2006 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

NSM

Conshohocken, Pennsylvania, United States
Category Company
Founded 1990
Sector Insurance
DESCRIPTION

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.

DEAL STATS #
Overall 22 of 22
Sector (Insurance) 22 of 22
Type (Add-on Acquisition) 20 of 20
State (Florida) 1 of 1
Country (United States) 16 of 16
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-30 ISO Insurance

New York, New York, United States

ISO Insurance provides accident and sickness insurance plans specifically designed for international students and scholars studying outside of their home country and traveling to the United States. ISO Insurance was formed in 1958 and is headquartered in New York City.

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