Novacore launches following sale of NSM commercial insurance arm
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Novacore launches following sale of NSM commercial insurance arm

The MGA will focus on insurance for agents, carrier partners and clients.

By Caroline Ryan
April 24, 2025
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novacore logo.png

NSM has launched Novacore, an independent specialty insurance MGA.

Novacore is backed by New Mountain Capital. Earlier this month, Carlyle-backed NSM announced the sale of its commercial insurance division to the PE firm for an undisclosed sum.

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Topics

News MGAs/MGUs M&A Private equity Specialty lines Commercial lines North America
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