Strategic Underwriters International (SUI), based in Pennsylvania, offers casualty reinsurance for several lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability and Workers’ Compensation.
NSM recently announced it had also acquired InsurEVO, which specialises in personal lines travel insurance, and serves over three million customers under its AllClear Travel Insurance and InsureandGo brands.
Bill McKernan, President of NSM Insurance Group, commented “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 Reichert, President of Strategic Underwriters International also reflected : “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.” He added.
