Conshohocken’s NSM Insurance Group Makes First International Acquisition
Conshohocken’s NSM Insurance Group has made its first international acquisition with the purchase of Vantage Holdings, a leading administrator of collector car and outdoor leisure programs in the UK.
NSM will use the acquisition, which is still subject to FCA approval, as a platform for expanding its international presence.
Established twelve years ago, Vantage Group which includes Vantage Insurance Services and Classic Insurance Services is a specialized insurance program administrator.
Vantage’s Classic Insurance Services program, which focuses on insuring classic cars, is the fourth collector car insurance program NSM has added to its portfolio. Vantage Insurance Services is also one of the UK’s largest insurers of outdoor leisure and tour operator liability.
“We are excited to welcome Vantage Holdings to the NSM family,” said Geof McKernan, CEO of NSM Insurance Group. “Their shared approach to the insurance marketplace coupled with their ambitious, fast paced culture made Vantage a natural for us,” concluded McKernan.
John Collyear, Vantage’s CEO, added his enthusiasm at partnering with NSM. “We are excited about the opportunities that lie ahead as we embark on a growth strategy and the beginning of our next chapter of development with NSM.”
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