NSM Insurance Group Acquires IDEAL Marine Insurance

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Nov 16, 2010, 06:00 ET

PHILADELPHIA, Nov. 16, 2010 /PRNewswire/ -- NSM Insurance Group continues to expand its program line-up, announcing today the acquisition of IDEAL Marine Insurance of Chicago. IDEAL Marine Insurance is a program specializing in non-construction Ocean and Inland Marine.

IDEAL Marine Insurance writes a wide variety of specialty marine coverages with a broad appetite for Ocean Marine and non-construction Inland Marine, in all 50 states, including:

Mobile Agricultural and Irrigation Equipment
Livestock in transit, both domestic and international
Temperature Controlled Genetics transit
Ocean Cargo with processing and location coverages
Transportation & Distribution Warehouse
Relocation of personal and household effects in transit and storage

NSM Insurance Group is a national Program Administrator that specializes in the development and implementation of industry specific insurance programs. NSM's insurance products and services are distributed through a network of independent agents and brokers.

"We are aggressively seeking Specialty Underwriting or Program acquisitions," said Geof McKernan, CEO, NSM Insurance Group. "IDEAL Marine is a terrific addition to our National Programs Division."

For more information about IDEAL Marine Insurance products and services, contact John Stoesser, 888-837-2555 or e-mail [email protected]

SOURCE NSM Insurance Group