NSM Insurance Group acquires Professional Underwriters Agency, Inc.

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Feb 04, 2014, 05:30 ET

CONSHOHOCKEN, Pa., Feb. 4. 2014 /PRNewswire/ -- Professional Underwriters Agency, Inc. (PUA) is the marque MGA brand for Professional Liability in the marketplace. Located in Oak Brook, IL, PUA was founded over 30 years ago specializing in professional liability for Architects & Engineers.

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NSM Insurance Group underwrites over twenty admitted and non-admitted insurance programs nationally in very specific niche markets including Collector Cars, Coastal Condominium Associations, Social Service, Hospitality, Professional Liability for Lawyers & Dentists, Construction and Workers Compensation.

"This acquisition opens the next chapter for PUA," said Sandip Chandarana, President of PUA. "NSM Insurance Group has the carrier relationships and marketing distribution to expand our national footprint and accelerate us to the next growth level."

"Everyone knows that NSM Insurance is a niche specialist," said Geof McKernan, CEO, NSM Insurance Group. "I'm really excited about PUA. They are specialists and that perfectly fits our model for class expertise, distribution and agent relationships."

NSM Insurance Group is the national leader of insurance program administration with 9 offices strategically placed across the country in New Jersey, Pennsylvania, Illinois, Texas, Arizona and California. Dynamically growing both organically and through acquisition, our unique model of blending innovative marketing, profitable underwriting discipline, and state of the art back-room processes, creates a corporate culture of profitability and growth.

NSM Insurance group is aggressively seeking to acquire additional Program Managers and niche specific insurance businesses.

SOURCE NSM Insurance Group