NSM Insurance Group has acquired Strategic Underwriters International (SUI), a Pennsylvania-based MGA specialising in casualty facultative reinsurance.
SUI offers services for several lines of business, including general liability, automobile liability, excess/umbrella liability, and workers' compensation.
The move aims to complement NSM's robust portfolio of specialty insurance programmes and brands for commercial P&C and consumer insurance.
Bill McKernan, president of NSM Insurance Group, says: "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, which is often an underserved category of the industry."
Bill Reichert, president of SUI, states: "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."
