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 focuses on householders’ insurance policies. The deal enhances NSI’s place as one of many largest privately-owned insurance coverage brokerage and advisory companies in Florida, an organization launch defined.
The choice to accumulate Most well-liked Hyperlink to deepen NSI Insurance coverage’s experience within the private traces house comes as Florida householders are caught with premiums which might be 3 times larger than the nationwide common, NSI mentioned, citing knowledge from the Insurance coverage Info Institute.
“Florida customers are hurting, and the very best treatment for navigating at present’s difficult market is working with a workforce that understands the way to consider danger 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 an extra 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 most recent in a sequence of M&A transactions it had executed because it appears to broaden each its experience and shopper roster in Florida.
Final 12 months, NSI acquired the insurtech HoneyQuote.com. HoneyQuote is a house insurance coverage comparability device that enables householders to check quotes and insurance policies from insurance coverage suppliers in real-time by its machine-learning algorithm.