NSM Insurance Group acquires ASD from Nottingham Insurance, enhancing its specialty automotive insurance portfolio and positioning for future growth.

Information on the Target

NSM Insurance Group is a prominent specialty insurance provider with over 30 years of experience in the industry. The firm offers niche insurance programs globally, covering diverse sectors including classic cars, pets, and social services, among others. This strategic offering is supported by backing from the Carlyle Group, allowing NSM to maintain a strong foothold in the specialty insurance market.

ASD, a division of Nottingham Insurance, is a national retail insurance provider focused on the automotive industry. Headquartered in Hamilton Square, NJ, ASD is spearheaded by Andrew Meinster, an accomplished leader with a remarkable track record of expanding Nottingham’s Auto Services Division into a significant national presence.

Industry Overview in the Target’s Specific Country

The specialty insurance market in the United States has experienced considerable growth in recent years, driven by increasing demand for customized insurance solutions.