Novacore to acquire Minglewood Risk

Specialty insurance provider Novacore has entered into a definitive agreement to acquire Minglewood Risk, a managing general agent specializing in habitational and real estate coverages. Minglewood Risk will become part of Novacore’s growing Real Estate segment of specialty programs, with a strategic focus on expanding into the five boroughs of New York City.

Founded in Langhorne, PA, with core markets in New York, New Jersey, Pennsylvania, Colorado and California, Minglewood Risk specializes in Commercial Package (Property & General Liability) and Excess & Umbrella insurance for residential real estate.

“The acquisition of Minglewood Risk is not just a growth opportunity; it’s a significant leap towards our mission of redefining the specialty insurance landscape. By combining our innovative technology and underwriting expertise, we are poised to deliver unparalleled value to brokers and clients in one of the most dynamic markets in the country.” – Aaron Miller, CEO of Novacore.

“Joining Novacore marks an exciting new chapter for our team and our partners. Together, we bring a shared commitment to underwriting excellence and client-first service, now strengthened by Novacore’s technological and analytical capabilities. This combination positions us to accelerate growth — particularly in the five boroughs of New York, where habitational demand continues to evolve. With Novacore, we are on track to achieve new levels of success while staying true to the values that have guided our business from the start.” – Jon Hill, President of Minglewood Risk.