Acquisition bolsters Novacore’s habitational offerings with additional niche underwriting expertise and an established portfolio in the NYC market and beyond.
CONSHOHOCKEN, Pa. — Novacore, an independent, next-generation specialty insurance provider set to shape the future of specialty insurance, today announced it has entered into a definitive agreement to acquire Minglewood Risk, a managing general agent specializing in habitational and real estate coverages. Minglewood Risk will become part of Novacore’s growing Real Estate segment of specialty programs, with a strategic focus on expanding into the five boroughs of New York City.
“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, PA, with core markets in New York, New Jersey, Pennsylvania, Colorado and California, Minglewood Risk specializes in Commercial Package (Property & General Liability) and Excess & Umbrella insurance for residential real estate. With leadership boasting more than 40 years of combined industry experience, the firm is known for its creative policy design, responsiveness and strong broker partnerships — all of which align with Novacore’s vision to transform the specialty insurance space.
“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. With Novacore, we are on track to achieve new levels of success while staying true to the values that have guided our business from the start.”
Charles A. Thomas, Managing Member of Minglewood Risk, added, “This transaction underscores the quality of what we’ve built at Minglewood Risk and paves the way for our team to grow even faster with Novacore’s scale and technology.”
SOURCE Novacore
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