M&A Deal Summary

NSM Acquires ISO Insurance

On July 30, 2024, NSM acquired insurance company ISO Insurance

Acquisition Highlights
  • This is NSM’s 21st transaction in the Insurance sector.
  • This is NSM’s 15th transaction in the United States.
  • This is NSM’s 2nd transaction in New York.

M&A Deal Summary
Date 2024-07-30
Target ISO Insurance
Sector Insurance
Buyer(s) NSM
Deal Type Add-on Acquisition

Target

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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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 21 of 22
Sector (Insurance) 21 of 22
Type (Add-on Acquisition) 19 of 20
State (New York) 2 of 2
Country (United States) 15 of 16
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Strategic Underwriters International

Doylestown, Pennsylvania, United States

Strategic Underwriters International provides MGA in the casualty facultative reinsurance marketplace. SUI offers facultative casualty reinsurance for several lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability and Workers' Compensation. SUI is headquartered in Doylestown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-02 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.

Buy -
Mergr

Product

Company

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