This transfer is a step in NBS’ mission to double its measurement inside the subsequent 5 years by way of natural progress and offers such because the one for Capital Markets Underwriting.

Moreover, following its deal to soak up The Underwriting Specialist in 2021, this deal exhibits the dedication from NBS to increase. This consists of its product portfolio and strengthening its place within the insurance coverage market.

CMU will proceed to function from its headquarters in Harpenden, Hertfordshire and supply companies to its companions and shoppers.

Steve Cowman, managing director of NBS, expressed enthusiasm concerning the prospect of working with CMU. He acknowledged, “This acquisition permits us to increase into the industrial mixed enviornment and supply a good wider vary of merchandise to brokers. The transaction strengthens the place of each NBS and CMU within the dealer market, delivering important synergies and granting our brokers a aggressive benefit with a number of product choices. We look ahead to welcoming CMU to the NBS household.”

Stan Kaznowski, CEO of The NBS Group, emphasised the significance of acquisitions in supporting the corporate’s bold progress plans. He acknowledged, “Our technique at NBS is concentrated on increasing our enterprise, and acquisitions play a key function in reaching our objectives. The acquisition of CMU presents a superb alternative to enrich NBS’ current experience within the UK and Irish markets, additional constructing on our success.”

CMU’s Director, Tim Mahon added, “The alternatives which have opened for CMU by turning into a part of the NBS group are huge, and we look ahead to rising our enterprise alongside our new colleagues. As service, product vary, and know-how turn out to be much more necessary for brokers, CMU can leverage the capabilities that NBS already has in place. Our skilled group of underwriters will proceed to use their experience to industrial mixed as they’ve all the time carried out, now with the energy and backing of NBS.”