NSM MGA Holdings Ltd Launch Second Underwriting Brand, First Specialty

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Nov 05, 2018, 07:00 ET

CONSHOHOCKEN, Pa., Nov. 5, 2018 /PRNewswire/ -- Following their recent acquisition of Xpekt Ltd, NSM MGA Holdings Ltd have today announced that they will be launching a second underwriting brand to the market.

Mark Bacon, Managing Director of Xpekt Ltd, commented, "We are delighted to be bringing First Specialty to the market to sit alongside our Xpekt brand. First Specialty will offer a broad range of highly specialised and niche motor insurance products to the market whilst Xpekt will continue to focus on local community business.

"Our two brands will work side by side in the market, serving the needs of a carefully selected panel of specialist and community brokers. We will have a relentless focus on delivering exceptional service to brokers and customers whilst providing the assurance of A rated underwriting capacity and the backing of NSM.

"We will be releasing our first products to the market on the 12th November and will follow this up with further product releases over the subsequent weeks.

"Andrew Dodd, Head of Underwriting for First Specialty will work closely with Colin Hart and the Xpekt team to ensure that we meet the needs of our chosen broker panel and their customers."

About NSM Insurance Group

For more than 27 years, NSM Insurance Group has been an industry leader in the development, implementation, marketing and underwriting of industry-specific insurance programs. The company's insurance programs include social services and behavioral health; CAT driven property; collector cars; workers' compensation; staffing; sports and fitness; breweries and wineries; professional liability for architects and engineers; and pet insurance. NSM Insurance Group is a subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM) and is aggressively seeking to acquire additional program managers and niche specific insurance businesses. For more information, contact Bill McKernan at 610-808-9561.

SOURCE NSM Insurance Group