This transfer is a step in NBS’ mission to double its dimension inside the subsequent 5 years via natural development and offers such because the one for Capital Markets Underwriting.
Moreover, following its deal to soak up The Underwriting Specialist in 2021, this deal exhibits the dedication from NBS to increase. This contains its product portfolio and strengthening its place within the insurance coverage market.
CMU will proceed to function from its headquarters in Harpenden, Hertfordshire and supply providers to its companions and purchasers.
Steve Cowman, managing director of NBS, expressed enthusiasm in regards to the prospect of working with CMU. He said, “This acquisition permits us to increase into the industrial mixed area and supply an excellent wider vary of merchandise to brokers. The transaction strengthens the place of each NBS and CMU within the dealer market, delivering important synergies and granting our brokers a aggressive benefit with a number of product choices. We sit up for welcoming CMU to the NBS household.”
Stan Kaznowski, CEO of The NBS Group, emphasised the significance of acquisitions in supporting the corporate’s bold development plans. He said, “Our technique at NBS is concentrated on increasing our enterprise, and acquisitions play a key function in attaining our targets. The acquisition of CMU presents a superb alternative to enrich NBS’ current experience within the UK and Irish markets, additional constructing on our success.”
CMU’s Director, Tim Mahon added, “The alternatives which have opened for CMU by turning into a part of the NBS group are huge, and we sit up for rising our enterprise alongside our new colleagues. As service, product vary, and know-how grow to be much more vital for brokers, CMU can leverage the capabilities that NBS already has in place. Our knowledgeable staff of underwriters will proceed to use their experience to industrial mixed as they’ve at all times performed, now with the energy and backing of NBS.”
