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NSM Insurance Group Acquires TranSpec

CONSHOHOCKEN, Pa., Feb. 6, 2018 /PRNewswire/ — NSM Insurance Group, the national leader of industry-specific insurance program administration, announced Tuesday that it has acquired TranSpec, a highly specialized transportation insurance broker located in Nashville, TN.

NSM Insurance Group. (PRNewsFoto/Condon Skelly)

TranSpec specializes in designing and implementing insurance programs for trucking firms that utilize owner operators. The program coverages include, non-trucking liability, physical damage and occupational accident for owner-operators.   

Bill McKernan, President of NSM Insurance Group, said, “We are excited to welcome TranSpec to the NSM family, more importantly we are enthusiastic for the growth opportunities associated with this business. For over 20 years, NSM has provided motor carriers and owner operators insurance programs that meet their unique needs. TranSpec and their terrific team are a perfect addition to NSM.”

About NSM Insurance Group

For more than 25 years, NSM Insurance Group has been an industry leader in the development, implementation, marketing and underwriting of industry-specific insurance programs and has grown to over $500 million in annual premium. The company’s insurance programs include social services and behavioral health; CAT driven property; collector cars; workers’ compensation; sports and fitness; microbreweries; and professional liability for architects and engineers. NSM Insurance Group is aggressively seeking to acquire additional niche specific insurance businesses and program managers. For more information, contact Bill McKernan, President, at 800-970-9877 ext. 111.

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SOURCE NSM Insurance Group

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