IDP Holdings LLC acquired the hospitality business of National Specialty Underwriters Inc., a Bellevue, Wash.-based specialty commercial insurance program manager.
As part of the transaction, IDP also purchased NSU’s Certus Claims Administration, the company’s specialized hospitality claims handling division. The specialty healthcare division of NSU will continue to operate independently.
IDP is a joint venture acquisition vehicle of Ironshore Holdings (U.S.) Inc. and Distinguished Programs Group LLC hat focuses on the managing general underwriter and program manager segments of the commercial insurance distribution business.
NSU provides a combination of hospitality-specific coverage, risk management and claims administration through Certus. Eligible classes of business include limited, full-service and luxury hotels, resorts and casinos.
Topics Mergers & Acquisitions Washington
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