N
ovacore has finalized a deal to acquire Minglewood Risk, a managing general agent that focuses on habitational and real‑estate insurance. The purchase is intended to bolster Novacore’s Real Estate division and give the company a stronger presence across all five boroughs of New York City. By adding Minglewood’s established NYC portfolio, Novacore will deepen its niche underwriting strengths and broaden its market reach.
The acquisition aligns with Novacore’s strategy of reshaping specialty insurance. CEO Aaron Miller described the move as a “significant leap” toward redefining the industry, emphasizing the blend of technology and underwriting expertise that will deliver greater value to brokers and clients.
Minglewood Risk, headquartered in Langhorne, Pennsylvania, serves key markets such as New York, New Jersey, Pennsylvania, Colorado, and California. The firm specializes in Commercial Package (Property & General Liability) and Excess & Umbrella policies for residential real‑estate properties. With more than four decades of combined experience, Minglewood is known for innovative policy design, quick responsiveness, and strong broker relationships—qualities that dovetail with Novacore’s focus on market innovation.
President Jon Hill welcomed the merger, noting it marks a new chapter built on shared commitments to underwriting excellence and client‑first service. He highlighted how Novacore’s technology and analytics will accelerate growth, especially in New York’s dynamic habitational market. Managing Member Charles A. Thomas added that the transaction reflects Minglewood’s solid foundation and will enable faster expansion through Novacore’s scale and tech capabilities.
Novacore, a next‑generation specialty insurer rooted in the 35‑year legacy of NSM Insurance Group, delivers industry‑specific programs via specialized underwriting, advanced technology, and carrier partnerships. The company works with over 20,000 agents nationwide and offers more than 15 specialty programs across multiple markets. Further details are available at novacore.com.
Minglewood Risk focuses on residential real‑estate coverage, offering Commercial Package and Excess & Umbrella products that address habitational risks. Headquartered in Langhorne, Pennsylvania, the company maintains a strong distribution network in New York, New Jersey, Pennsylvania, and beyond. Its reputation is built on underwriting expertise, creative policy design, and reliable service. More information can be found at minglewoodrisk.com.
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