Florida’s City National Bank Teams Up with NSI to Provide Insurance Solutions

City National Bank of Florida, recognized as the state’s second-largest bank, is making significant strides by entering the property insurance market. This new venture comes through a strategic partnership with NSI Insurance Group, allowing the bank to offer insurance coverage options directly at loan closings.

“Insurance is a critical part of every loan we close, yet it has become a growing obstacle for companies and residents in Florida,” stated City National CEO Jorge Gonzalez. “By offering insurance services through a partnership with NSI, we’re addressing this challenge head-on, offering clients tailored solutions that align with their unique needs and protect their assets.”

With approximately $28 billion in assets, City National Bank is adopting a “holistic” approach through this partnership. This model enables homeowners and other customers to compare policies and quotes from various insurance carriers, ensuring they find the best coverage for their needs. The bank has already begun offering property insurance and has plans to expand its services to include liability coverage and specialized insurance for private wealth clients.

NSI Insurance Group, also headquartered in Miami, stands as one of the largest privately owned insurance brokerages and risk management firms in the region. As part of Union Risk Advisors, NSI brings extensive expertise and resources to this collaboration, enhancing the offerings available to City National Bank’s clients.

Photo: AdobeStock

Topics
Florida

City National Bank of Florida, recognized as the state’s second-largest bank, is making significant strides by entering the property insurance market. This new venture comes through a strategic partnership with NSI Insurance Group, allowing the bank to offer insurance coverage options directly at loan closings.

“Insurance is a critical part of every loan we close, yet it has become a growing obstacle for companies and residents in Florida,” stated City National CEO Jorge Gonzalez. “By offering insurance services through a partnership with NSI, we’re addressing this challenge head-on, offering clients tailored solutions that align with their unique needs and protect their assets.”

With approximately $28 billion in assets, City National Bank is adopting a “holistic” approach through this partnership. This model enables homeowners and other customers to compare policies and quotes from various insurance carriers, ensuring they find the best coverage for their needs. The bank has already begun offering property insurance and has plans to expand its services to include liability coverage and specialized insurance for private wealth clients.

NSI Insurance Group, also headquartered in Miami, stands as one of the largest privately owned insurance brokerages and risk management firms in the region. As part of Union Risk Advisors, NSI brings extensive expertise and resources to this collaboration, enhancing the offerings available to City National Bank’s clients.

Photo: AdobeStock

Topics
Florida