N
ovacore, a specialty insurance MGA spun from NSM, has agreed to buy Minglewood Risk, an MGA focused on habitational and real‑estate coverages. Minglewood, based in Langhorne, PA, serves New York, New Jersey, Pennsylvania, Colorado and California, offering excess and umbrella policies for properties. The deal will fold Minglewood into Novacore’s real‑estate line, targeting growth in New York City. “This purchase is more than growth; it’s a leap toward redefining specialty insurance,” Novacore CEO Aaron Miller said. Minglewood president Jon Hill added that Novacore’s tech and analytics will boost underwriting and client service, accelerating expansion in NYC’s evolving habitational market. Novacore, launched in April 2025 after NSM’s sale to New Mountain Capital, partners with 20,000 agents nationwide and offers 15 specialty programs.
