InsurTech News Risk Management

NSI Insurance Group Acquires Fourth Agency in 15 Months

NSI Insurance

South Florida independent agency adds new offices amid record growth

NSI Insurance Group, a leading independent insurance agency specializing in risk management, employee benefits, and insurance services for businesses and individuals, recently made its third and fourth acquisitions in the past 15 months, with the purchase White Cloud Insurance and Express Insurance, both in Miami. NSI Insurance Group now has four offices throughout South Florida.

FTS_banner

NSI Insurance Group, founded in 1958, ranks among the largest privately owned firms in Florida and operates within five business segments including personal and commercial insurance, employee benefits, and specialty programs. The company has achieved robust growth, driven by a combination of expansion in existing verticals and strategic acquisitions. The company has been continuously recognized as a “Best Practices” agency in a survey of the largest insurance agencies in the United States.

“We have continued our long-standing pattern of consistent yet conservative growth through growing our existing client base and making strategic acquisitions of top-quality insurance companies throughout South Florida,” said NSI Insurance Group CEO Oscar Seikaly. “We believe our strategy brings exceptional new opportunities for our clients and our employees as we continue to develop our firm.”

Read More: Novo Hires Executive Vice President of Engineering and Chief of Staff

Last year, NSI Insurance Group acquired Fort Lauderdale, Florida-based Pallant Insurance, one of the largest LGTBQ-owned and managed agencies in the state. The Pallant brand continues under the same leadership as a subsidiary of NSI Insurance Group. Last summer, the company acquired Ensurgroup, based in South Miami, while the Express Insurance and White Cloud acquisitions closed in the past few months.

“As the South Florida population grows and density increases, we must become more geographically diverse and reinforce our back-office operations,” said Seikaly. “The acquisitions enable us to move quickly and improve our leverage with major carriers, which is critical during a tight market.”

According to Seikaly, the acquired agencies were all excellent cultural fits, and each firm brings expertise that benefits the entire organization. Executive leaders of each firm have been retained and continue to work with the company.

Read More: Socure and SpecTrust Partner to Seamlessly Deliver Digital Identity Verification and Fraud Solutions

Related posts

Schwab Adds Low-Cost Market-Cap-Weighted and Blended ETF Model Portfolios to Riskalyze Platform, Enabling Advisors to Create and Compare Investment Portfolios Based on Client Risk Tolerance

Fintech News Desk

Livelo Expands The Exchange of Points Via QR Code To More Than 8 Million Physical Stores

Fintech News Desk

Razorpay Launches Payment Buttons for SMEs – Now Integrate Payment Gateway in less than 5mins, No Developer Support Needed

Fintech News Desk