“ABRY Partners provides more fuel for our acquisition and internal growth plans”, said Geof McKernan, CEO, NSM Insurance Group. “We have dynamically grown our operations for 21 years. In the last 7 years we have completed 8 acquisitions and launched another 6 insurance programs. Now ABRY Partners boosts our ability to seek out new opportunities for growth through acquisition, organic program development and other direct and risk-bearing underwriting deals.”
“We’re excited about investing in NSM Insurance Group. They are proven leaders in the program insurance space and we believe strongly in their culture of growth, profitability and stability” said Brent Stone, a Partner at ABRY. “They have a unique combination of successful executive leadership, resilient and deep marketing distribution, and rock-solid underwriting expertise.”
About NSM Insurance Group
NSM Insurance Group is the leading national expert on the development, implementation and underwriting of niche insurance programs.
NSM Insurance Group’s unique model of blending innovative marketing, profitable underwriting discipline, and state of the art back-room processes, creates a corporate culture of profitability and growth. The Company’s insurance programs include CAT driven Property, Construction, Workers Compensation, Collector Cars, Social Services and Professional Liability for Lawyers, Dentists, Insurance Agencies and MGAs.
NSM Insurance Group is actively seeking profitable niche underwriters, existing books of business, MGAs and agencies. For more information visit www.nsminc.com or call John McCaffery, Director of Marketing (800)-970-9778 or jwmccaffery@nsminc.com.
About ABRY Partners
Founded in 1989, ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. ABRY has completed over $27 billion of transactions, representing investments in more than 450 properties. The firm is currently managing over $3.5 billion of total capital and investing out of a $1.6 billion private equity fund, $750 million senior equity/mezzanine fund and a $1.2 billion senior debt fund. For more information visit www.abry.com