NSM Insurance Group, based in Conshohocken, Pa., has acquired a new specialty underwriting group focused on professional liability coverage targeting property and casualty insurance agencies. This new group will include wholesalers, retailers, managing general agencies and program administrators, plus a distinctive new program for accountants professional liability.
The professional liability program team will be lead by three of experts in the field of errors and omissions coverage. Ed Velasquez will serve as program managing director, and Arun Chanana and Charles Antwine will serve as directors. All three formerly worked for Arrowhead General Insurance Agency Inc. and have more than 75 years of senior underwriting experience combined in the area of professional liability.
E&O coverage from an “A” XV rated carrier is available immediately in all 50 states.
“We continue to aggressively seek new acquisition opportunities in the southeast and southwest states, and grow in direct response to the needs of our over 4,200 contracted agents,” said Geof McKernan, CEO, NSM Insurance Group. “Professional Liability is a terrific addition to our Program Business Division.”
Source: NSM Insurance Group
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