NSM Insurance Group Acquires Strategic Underwriters International, Expanding Reach in Reinsurance

NSM Insurance Group

CONSHOHOCKEN, PA — NSM Insurance Group has completed its acquisition of Strategic Underwriters International (SUI), a leading managing general agent in the casualty facultative reinsurance market. Based in Doylestown, PA, SUI specializes in providing specialized reinsurance solutions.

“We are thrilled to announce our latest strategic acquisition in the casualty facultative reinsurance space with SUI,” said Bill McKernan, President of NSM Insurance Group. “SUI is a dynamic company with exceptional underwriting and a proven track record of consistently producing outstanding profitability for their key reinsurance partners. SUI is leading the way in facultative reinsurance, an often underserved category of the industry.”

SUI offers facultative casualty reinsurance for various lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability, and Workers’ Compensation. Facultative reinsurance involves coverage for individual risks, allowing insurers to manage their exposure by transferring specific risks.

Bill Reichert, President of Strategic Underwriters International, expressed enthusiasm for the acquisition. “Today is an exciting milestone as we join the NSM family of specialty insurance brands. Over the past 10+ years, we have established SUI as a renowned leader in the reinsurance business based on our robust relationships and strong underwriting results. NSM has the cutting-edge resources and capacity to help our business grow by enhancing our offering to the insurance marketplace, including a focus on key product development, technology systems and AI initiatives.”

This acquisition marks a significant expansion for NSM Insurance Group, strengthening its position in the reinsurance sector. The integration of SUI will bolster NSM’s capabilities and provide enhanced services to its clients, leveraging advanced technology and artificial intelligence to drive growth and innovation.

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With SUI now under its umbrella, NSM aims to deliver more comprehensive and tailored reinsurance solutions, addressing the evolving needs of the insurance market. The combined expertise and resources of both companies are expected to yield substantial benefits for their reinsurance partners and clients.

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