NSM Insurance Group acquires Strategic Underwriters International

NSM Insurance Group, a global specialty insurance provider with more than $1.8B in premium across 25+ niche insurance programs, announced the completion of its acquisition of Strategic Underwriters International, an MGA in the casualty facultative reinsurance marketplace.

Based in Doylestown, PA , SUI offers facultative casualty reinsurance for several lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability and Workers’ Compensation.

“We are thrilled to announce our latest strategic acquisition in the casualty facultative reinsurance space with SUI. 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 McKernan, President of NSM Insurance Group.

“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.” – Bill Reichert, President of Strategic Underwriters International.