CONSHOHOCKEN, PA — Novacore has struck a definitive deal to acquire CP Insurance Associates, a Texas-based insurance services agency with nearly five decades of experience serving financial institutions nationwide, a move that sharply broadens Novacore’s reach in lender-focused insurance solutions.
The acquisition adds CP Insurance Associates’ established platform in lender-placed insurance, investor property coverage and buy-here-pay-here programs to Novacore’s growing portfolio, strengthening its position across the financial institution and lending ecosystem.
Founded in 1977, CP Insurance Associates serves banks, mortgage servicers, credit unions, hard money lenders and credit companies, and is licensed in 49 states across the continental United States. The firm is known for its insurance tracking capabilities, customized lender-placed solutions, in-house service teams, and compliance and reporting infrastructure.
Aaron Miller, chief executive officer of Novacore, said the deal represents a strategic expansion into insurance services that have become increasingly critical for lenders navigating regulatory and operational complexity.
“CPIA brings nearly five decades of experience, strong operational infrastructure and a technology-driven approach to insurance tracking and lender-placed solutions,” Miller said. “Together, we are enhancing our ability to deliver scalable, compliant and efficient solutions that support lenders, carriers and distribution partners across the country.”
As part of the transaction, CP Insurance Associates will operate within Novacore’s specialty solutions portfolio, supporting continued national expansion of lender-focused insurance and administrative services.
Martin Rhodes, chairman and chief executive officer of CP Insurance Associates, said the agreement positions the firm for its next phase of growth.
“Partnering with Novacore allows us to scale our platform, invest further in innovation and continue delivering the high level of service our clients expect, now backed by a broader specialty insurance organization,” Rhodes said.
Financial terms of the acquisition were not disclosed.
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