M&A Deal Summary

NSM Acquires Strategic Underwriters International

On June 4, 2024, NSM acquired insurance company Strategic Underwriters International

Acquisition Highlights
  • This is NSM’s 20th transaction in the Insurance sector.
  • This is NSM’s 14th transaction in the United States.
  • This is NSM’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-06-04
Target Strategic Underwriters International
Sector Insurance
Buyer(s) NSM
Deal Type Add-on Acquisition

Target

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.

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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 20 of 22
Sector (Insurance) 20 of 22
Type (Add-on Acquisition) 18 of 20
State (Pennsylvania) 1 of 1
Country (United States) 14 of 16
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 AllClear Insurance

Essex, United Kingdom

AllClear Insurance is a travel insurance broker for customers with pre-existing medical conditions – typically in the over-55 demographic. The Business operates in the UK, Ireland and Australia and has market-leading expertise in placing insurance for impaired travel risks through its proprietary data, accumulated from nearly two decades of experience. AllClear Insurance Services was established in 2001 and is based in Essex, England.

Buy -
FOLLOWING 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.

Buy -
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