NSM Insurance Group, a global specialty insurance provider, has recently made a significant move in the liability insurance space with the acquisition of two industry leaders. GIG Insurance Group (GIG) and Gifford Wells Insurance (GWI) have joined forces with NSM, bringing their expertise and reputation in the community association management liability and professional liability markets.
GIG Insurance Group, based in Fort Lauderdale, FL, has established itself as a leading Managing General Agent (MGA) in the D&O and crime insurance market for community associations. With a focus on delivering innovative insurance solutions through a cutting-edge technology platform, GIG has positioned itself as a go-to provider for agents and brokers in need of D&O and crime insurance coverages. The increasing demand for these types of insurance products, driven by regulatory requirements and litigation trends, has made GIG a key player in the market.
In addition to GIG, NSM has also acquired Gifford Wells Insurance, an independent insurance broker specializing in professional liability insurance for lawyers, CPAs, doctors, and architects and engineers. With a strong reputation for delivering unmatched expertise to their clients, GWI has carved out a niche in the professional liability insurance space, providing tailored solutions to help professionals protect and insure their practices effectively.
The leadership teams at GIG and GWI, including Dave Villari and Eric Gifford, are excited about the opportunity to partner with NSM and leverage the company’s resources, capacity, and industry relationships to grow their businesses. As part of the acquisition, Eric Gifford will assume the role of President of GIG Insurance Group and Gifford Wells Insurance, bringing his two decades of experience in delivering top-notch liability insurance solutions to agents, partners, and clients.
NSM Insurance Group, with over 34 years of experience in building successful insurance programs, has a proven track record of driving industry-leading growth and profitability. The acquisition of GIG and GWI complements NSM’s existing portfolio of specialty insurance programs, further strengthening the company’s position in the commercial P&C industry and consumer insurance markets.
For agents, brokers, and clients looking for specialized insurance solutions, NSM Insurance Group offers a wide range of programs across various industries, including collector cars, student health and travel, social services and behavioral health, addiction treatment, coastal condominiums, towing and garage, trucking, sports and fitness, professional liability, habitational, commercial and residential contractors, medical stop-loss and managed care, staffing, and workers‘ compensation.
With a focus on innovation, underwriting expertise, distribution channels, and claims management, NSM is committed to meeting the unique needs of its customers and driving market growth through tailored insurance solutions. For more information about NSM Insurance Group and its offerings, visit nsminc.com.
In conclusion, the acquisition of GIG Insurance Group and Gifford Wells Insurance by NSM Insurance Group marks a significant milestone in the liability insurance space. By bringing together industry leaders and leveraging their expertise, resources, and relationships, NSM is poised to further expand its footprint and deliver unparalleled insurance solutions to agents, brokers, and clients across various industries.