CONSHOHOCKEN, PA — Novacore announced it has entered into a definitive agreement to acquire Minglewood Risk, a managing general agent specializing in habitational and real estate coverages. The acquisition will expand Novacore’s Real Estate specialty programs segment, with a strategic focus on increasing its presence across New York City’s five boroughs.
“The acquisition of Minglewood Risk is not just a growth opportunity; it’s a significant leap towards our mission of redefining the specialty insurance landscape,” said Aaron Miller, CEO of Novacore. “By combining our innovative technology and underwriting expertise, we are poised to deliver unparalleled value to brokers and clients in one of the most dynamic markets in the country.”
Founded in Langhorne, Pennsylvania, Minglewood Risk operates across New York, New Jersey, Pennsylvania, Colorado, and California. The firm offers Commercial Package (Property and General Liability) and Excess & Umbrella insurance products tailored for residential real estate. With more than 40 years of combined leadership experience, Minglewood Risk has built a reputation for responsive service, creative policy solutions, and strong broker relationships — qualities that align closely with Novacore’s approach to specialty underwriting.
“Joining Novacore marks an exciting new chapter for our team and our partners,” said Jon Hill, President of Minglewood Risk. “Together, we bring a shared commitment to underwriting excellence and client-first service, now strengthened by Novacore’s technological and analytical capabilities. This combination positions us to accelerate growth — particularly in the five boroughs of New York, where habitational demand continues to evolve.”
Charles A. Thomas, Managing Member of Minglewood Risk, added, “This transaction highlights the strength of what we’ve built and paves the way for our team to scale faster with Novacore’s resources and technology.”
The acquisition strengthens Novacore’s footprint in the commercial real estate insurance sector and reflects the company’s broader strategy to leverage data, technology, and specialized expertise to enhance underwriting performance and client outcomes. Terms of the transaction were not disclosed.
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