NSI Insurance Expands Portfolio with Acquisition of Florida Mutual Insurance Group

Miami-based NSI Insurance Group has made headlines once again by acquiring another Miami-headquartered brokerage, Mutual Insurance Group. This acquisition marks a significant milestone for NSI, which has seen its size double in recent years.

“We are pleased to welcome Mutual Insurance Group to NSI Insurance Group, as we continue to expand our presence across Florida, especially in key vulnerable markets,” stated Oscar Seikaly, CEO and chairman of NSI Insurance Group. This strategic move not only enhances NSI’s portfolio but also strengthens its commitment to serving the diverse insurance needs of Floridians.

Mutual Insurance Group has built a strong reputation in South Florida, specializing in various coverage options including auto, homeowners, condo, renters, flood, and commercial insurance. According to the firm’s LinkedIn page, the acquisition will significantly broaden the coverage options available to Mutual’s existing client base. Vice President Alex Crespi emphasized that this merger will enhance the services offered to their clients, providing them with even more comprehensive insurance solutions.

Founded in 1958, NSI Insurance Group has consistently pursued growth and innovation. Today, the company boasts a client base that spans all 50 states and over 100 countries, showcasing its expansive reach and commitment to providing quality insurance services. This latest acquisition is a testament to NSI’s ongoing strategy of growth through mergers and acquisitions, particularly in key markets where they can make a significant impact.

Topics
Mergers & Acquisitions
Florida

Miami-based NSI Insurance Group has made headlines once again by acquiring another Miami-headquartered brokerage, Mutual Insurance Group. This acquisition marks a significant milestone for NSI, which has seen its size double in recent years.

“We are pleased to welcome Mutual Insurance Group to NSI Insurance Group, as we continue to expand our presence across Florida, especially in key vulnerable markets,” stated Oscar Seikaly, CEO and chairman of NSI Insurance Group. This strategic move not only enhances NSI’s portfolio but also strengthens its commitment to serving the diverse insurance needs of Floridians.

Mutual Insurance Group has built a strong reputation in South Florida, specializing in various coverage options including auto, homeowners, condo, renters, flood, and commercial insurance. According to the firm’s LinkedIn page, the acquisition will significantly broaden the coverage options available to Mutual’s existing client base. Vice President Alex Crespi emphasized that this merger will enhance the services offered to their clients, providing them with even more comprehensive insurance solutions.

Founded in 1958, NSI Insurance Group has consistently pursued growth and innovation. Today, the company boasts a client base that spans all 50 states and over 100 countries, showcasing its expansive reach and commitment to providing quality insurance services. This latest acquisition is a testament to NSI’s ongoing strategy of growth through mergers and acquisitions, particularly in key markets where they can make a significant impact.

Topics
Mergers & Acquisitions
Florida