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NSM Insurance Group completes acquisition of InsurEvo Group (AllClear and InsureandGo) to expand travel insurance portfolio

Aug 16, 2024•over 1 year ago

Acquiring Company

NSM Insurance Group

Acquired Company

InsureandGo

ConshohockenSouthend-on-SeaLondonInsuranceHealth CareInsuranceInsuranceTravel

Description

NSM Insurance Group, a global specialty insurance provider, has successfully completed the acquisition of InsurEvo Group, including AllClear and InsureandGo. This acquisition aligns with NSM's commitment to the travel and student health insurance space, aiming to build a robust portfolio of leading travel brands around the world. The acquisition will bring the full power of NSM's capacity, resources, and technology to further grow these leading U.K. travel insurance brands.

Company Information

Company

NSM Insurance Group

Location

Conshohocken, Pennsylvania, United States

About

NSM Insurance Group is a global specialty insurance provider, exclusively focused on building successful insurance programs. For more than 30 years, NSM has been committed to delivering industry-specific insurance programs that help agents meet the unique needs of their customers and fuel market growth through innovative development, underwriting, distribution and risk management expertise. The company has built more than $2 billion in premium across 30+ specialty insurance programs and brands around the world focused on collector cars; student health and travel; social services and behavioral health; addiction treatment; coastal condominiums; towing and garage; trucking; sports and fitness; professional liability for architects and engineers, lawyers, CPAs and doctors; habitational; community association management; commercial and residential contractors; staffing; workers' compensation; medical stop-loss and managed care; and facultative reinsurance.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed