H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and technology-related insurance solutions.
Financial details of the transaction were not disclosed.
“Node International’s leadership in cyber risk and technology solutions will deepen our bench of expertise, helping us stay ahead of the ever-changing needs in the digital space,” said Alan Jay Kaufman, chairman, president and CEO, H.W. Kaufman Group. “The acquisition strategically provides our clients and partners across the United Kingdom and North America access to Node International’s innovative cyber products and quick quoting platform.”
Node International’s digital application process can provide accurate quotes in moments, said Kaufman in a statement. With policy coverage, Node also has the capability to provide 24/7 monitoring and cyber-attack risk mitigation.
Node International’s CEO Neil Gurnhill founded the company in 2017 after a decades-long career providing comprehensive services in technology, legal risk reduction and enhanced cyber-risk insurance coverage. Gurnhill will continue to lead the company as it joins the Kaufman network.
“Joining forces with H.W. Kaufman Group is a very exciting move for us and our clients,” said Gurnhill. “We will combine our expertise at Node in underwriting and placing risks in Cyber and Technology Liability with the powerful brand, distribution, and infrastructure that H.W. Kaufman Group has to offer.”
As part of the acquisition, Node will join H.W. Kaufman Group London—adding to the company’s holdings in the United Kingdom. H.W. Kaufman Group London includes: Chesterfield Group, Lochain Patrick, Cranbrook Underwriting and Node International and is led by Managing Director, James Stevenson.
The acquisition marks the 20th acquisition by Kaufman since 2010.
Node International will move its London operations to the H.W Kaufman Group location at One Minster Court, Mincing Lane, London EC3R 7AA, while retaining its existing Nottingham location.
Source: H.W. Kaufman Group
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