Tuesday, December 6, 2022
HomeInsurance LawNovatae buys development insurance coverage specialist Olympic Advisors

Novatae buys development insurance coverage specialist Olympic Advisors

Insurance coverage brokerage Novatae Threat Group has taken over US-based Olympic Advisors, which operates as Nationwide Contractors’ Alliance (NWCA).

The deal worth was not made public.

Based mostly in Lacey, Washington, Olympic Advisors helps the development trade and its insurers meet danger administration necessities.

Working with the development trade’s retail brokers, NWCA provides personalised insurance coverage insurance policies through its wholesale insurance coverage brokerage referred to as Clever Insure.

By its Trades Monitoring companies, the corporate additionally permits builders to handle their danger switch.

Olympic Advisors and NWCA proprietor Treacy Duerfeldt mentioned: “We’re glad to be becoming a member of Novatae, a number one wholesale distributor that gives a full vary of modern programmes to their purchasers.”

Novatae Threat Group COO Steven Prepare dinner mentioned: “I’m happy to welcome Olympic Advisors and the NWCA to Novatae.

“I do know they are going to be profitable as a part of our crew.”  

Giordano Halleran Ciesla served as authorized counsel to Novatae, whereas Fortrust Diligence suggested the corporate on the deal.

Davies Pearson provided authorized counsel to Olympic Advisors, and Sound Enterprise Brokers suggested the agency on the transaction.

Novatae is a wholesale insurance coverage brokerage that gives specialty insurance coverage choices for advanced and hard-to-place dangers.

It covers varied sectors together with property, casualty, employees’ compensation, cyber, inland marine/ocean marine, environmental, storage, and development.

With 27 places of work throughout the US, the corporate offers companies to greater than 6,000 prospects.



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