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ovacore, a next‑generation specialty insurer, has signed a definitive agreement to acquire Minglewood Risk, a managing general agent that specializes in habitational and real‑estate coverages. The deal expands Novacore’s Real Estate portfolio and deepens its presence in New York City’s five boroughs.
“The acquisition is more than growth; it’s a strategic step toward redefining specialty insurance,” said Novacore CEO Aaron Miller. “By merging our technology and underwriting expertise, we’ll deliver unmatched value to brokers and clients in one of the country’s most dynamic markets.”
Founded in Langhorne, Pennsylvania, Minglewood Risk serves New York, New Jersey, Pennsylvania, Colorado, and California. It offers Commercial Package (Property & General Liability) and Excess & Umbrella policies for residential real estate. With over 40 years of combined experience, the firm is known for creative policy design, rapid response, and strong broker relationships—qualities that align with Novacore’s vision of transforming the specialty space.
“Joining Novacore marks an exciting new chapter for our team and partners,” said Minglewood President Jon Hill. “Together we combine underwriting excellence with client‑first service, now amplified by Novacore’s technology and analytics. This partnership positions us to accelerate growth, especially in New York City, where habitational demand is evolving.”
Managing Member Charles A. Thomas added, “The transaction highlights the quality of our work and enables us to grow faster with Novacore’s scale and technology.”
About Novacore: An independent, next‑generation specialty insurer built on NSM Insurance Group’s 35‑year legacy, Novacore delivers industry‑specific programs through specialized underwriting, advanced technology, and trusted carrier partnerships. It works with over 20,000 agents nationwide and offers more than 15 specialty programs across diverse markets.
About Minglewood Risk: A managing general agent focused on residential real‑estate coverages, headquartered in Langhorne, PA. It provides Commercial Package and Excess & Umbrella policies, with a strong distribution network in New York, New Jersey, Pennsylvania, and beyond. Minglewood is recognized for underwriting expertise, innovative policy design, and reliable service.
SOURCE Novacore
