NSM Insurance Group Acquires AFPD

September 7, 2011

Geof McKernan, CEO of Philadelphia-based NSM Insurance Group, announced the acquisition of AFPD, a national program administrator for Lawyers and Dentist E&O programs, headquartered on Long Island, NY.

AFPD is a program administrator for lawyer’s and dentist’s professional liability programs across the U.S. It is a member of the National Association of Professional Surplus Lines Offices (NAPSLO) and the Professional Liability Underwriting Society (PLUS).

McKernan indicated that the acquisition of AFPD would expand NSM’s “footprint to include Lawyers and Dentist Professional liability and strengthen our relationship with our carrier partners.”

He also noted that “these are tougher classes for E&O; fortunately AFPD has earned the reputation for being the industry’s expert on E&O for Lawyers and Dentist. AFPD is a terrific addition to our Programs portfolio.”

Irwin Giles, AFPD’s Program Director, indicated that the tie up with NSM would give the company “the ability to grow dynamically.”

He also observed that “attorneys and dentists need efficient and comprehensive protection against the damaging effects professional liability claims can have on their finances and reputation. We bring years experience underwriting and claims management for these specialty classes.”

Source: NSM Insurance Group

Topics Mergers Professional Liability

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