CONSHOHOCKEN, Pa. — NSM Insurance Group, the nation’s leading specialty insurance provider with more than $1.5B in premium across 25+ niche insurance programs in the U.S. and U.K., today announced the completion of its acquisition of Shield Commercial Insurance Services. Based in Palm Desert, CA, Shield specializes in insurance solutions for the general contractor and construction liability space.
“We are energized to continue our series of strategic acquisitions in the U.S. and U.K. with Shield,” said Bill McKernan, President of NSM Insurance Group. “Shield is a fast-growing and best-in-class business with exceptional underwriting and a profitable track record. They are a perfect fit for our B2B portfolio of dynamic, specialized businesses. We will accelerate their growth by expanding their geographic footprint and national distribution with our robust network of 15,000+ agent partners across the country.”
Shield is exclusively focused on underwriting business for small and mid-sized contractors, offering coverages for General Liability, Excess Liability, Workers’ Compensation, Inland Marine and Contractors Professional & Pollution Liability.
“We’re thrilled to join the NSM family of specialty insurance brands and further enhance and bolster our offerings to meet the unique needs of contractors,” said Robert Anderson, President and Co-Founder of Shield Commercial Insurance Services. “Over the last two decades, we have delivered innovative products for this niche segment and have built a tremendous reputation with agents and carriers alike — which has fueled our explosive organic growth over the last five years.”
Over the past 33 years, NSM has developed a winning formula for building the industry’s most successful and sustainable programs, consistently outperforming competitors and driving industry-leading growth and profitability over the last four years. This latest acquisition complements NSM’s robust portfolio of specialty insurance programs and brands for the commercial P&C industry and consumer insurance — backed by the company’s state-of-the-art resources, including IT, operations, marketing, HR and finance.
Source: NSM Insurance Group
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