Privately-owned insurance coverage company NSI Insurance coverage Group is strengthening its presence in South Florida with the acquisition of Most well-liked Hyperlink.
An insurance coverage company beforehand serving as a subsidiary to FedNat, Most well-liked Hyperlink makes a speciality of owners’ insurance policies. The deal enhances NSI’s place as one of many largest privately-owned insurance coverage brokerage and advisory corporations in Florida, an organization launch defined.
The choice to accumulate Most well-liked Hyperlink to deepen NSI Insurance coverage’s experience within the private strains house comes as Florida owners are caught with premiums which can be thrice larger than the nationwide common, NSI mentioned, citing knowledge from the Insurance coverage Data Institute.
“Florida shoppers are hurting, and the perfect treatment for navigating at this time’s difficult market is working with a group that understands easy methods to consider threat and align purchasers with the coverage that’s proper for them,” mentioned NSI Insurance coverage Group CEO Oscar Seikaly. “NSI’s addition of Most well-liked Hyperlink will present a further layer of skilled advisors who know the ins and outs of Florida’s insurance coverage panorama, and are well-versed in offering a excessive caliber of shopper service throughout the state.”
NSI additionally introduced in a press release that its acquisition of Most well-liked Hyperlink is the newest in a collection of M&A transactions it had executed because it seems to be to broaden each its experience and shopper roster in Florida.
Final yr, NSI acquired the insurtech HoneyQuote.com. HoneyQuote is a house insurance coverage comparability instrument that enables owners to check quotes and insurance policies from insurance coverage suppliers in real-time by means of its machine-learning algorithm.
