NSM Insurance Group has acquired AFPD, a New York-based program administrator for lawyers and dentists errors and omissions programs.
Terms of the deal were not disclosed.
NSM is a national program manager based in Conshohocken, Penn.
Administrators for the Professions of Delaware Inc. (AFPD), based in Lake Success, New York, administers a national property/ casualty carrier’s admitted dentists professional liability program. In 1998, AFPD created an admitted lawyers professional liability program that targets firms having one to five attorneys at inception. In 2009, AFPD expanded its target market to 1-100 attorneys at higher available limits in all states except California and New Jersey.
The lawyers program is underwritten by Chartis. The dentists program is underwritten by Medical Protective, a Berkshire Hathaway company.
Topics Mergers & Acquisitions New York
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