Ignyte Insurance officially launches

Ignyte Insurance  officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world.

Ignyte launches following the recent sale of NSM Insurance Group’s US commercial business to New Mountain Capital, a growth-oriented investment firm with over $55 billion in assets under management. The company is led by Geof McKernan, Bill McKernan and Marc Castellucci — an executive team with over three decades of experience in building and scaling insurance platforms.

Ignyte is now home to a global portfolio of specialty insurance brands spanning collector car, travel medical, international student health, leased equipment and other embedded insurance products. The company has over $650 million in premiums and serves millions of customers worldwide, with a presence in the U.S., UK, Europe and Australia.

“Today marks an exciting new chapter. Ignyte represents more than a name — it embodies the entrepreneurial spirit, innovation and grit that have fueled our growth for over three decades. Others may turn away from unique or complex niche industries — but we run toward them. We’re laser-focused on identifying high-performing companies and sectors, and helping them scale through differentiated strategies, technology and talent. We’ve built a world-class platform — and now, we’re ready to go even further and faster.” – Geof McKernan, CEO of Ignyte Insurance.

“We’re incredibly proud of what we built at NSM Insurance Group over the past 35 years, but it was time to take on a new challenge. We’ve proven our ability to build and scale successful companies, and with Ignyte, we’re ready to take that to the next level. The opportunity ahead is massive.” – Bill McKernan, President of Ignyte Insurance.