The acquisition represents a strategic expansion of Novacore’s real estate segment of specialty programs, with a particular focus on growth in New York City’s five boroughs.
Aaron Miller, CEO of Novacore, described the acquisition as a pivotal step in the company’s broader mission. “The acquisition of Minglewood Risk is not just a growth opportunity; it is a significant leap towards our mission of redefining the specialty insurance landscape,” he said. “By combining our innovative technology and underwriting expertise, we are poised to deliver unparalleled value to brokers and clients in one of the most dynamic markets in the country.”
Minglewood Risk, founded in Langhorne, Pennsylvania, operates in key markets including New York, New Jersey, Pennsylvania, Colorado and California. The company specializes in Commercial Package policies covering property and general liability, as well as Excess and Umbrella insurance for residential real estate. With more than four decades of combined leadership experience, Minglewood has built a reputation for creative policy design, responsiveness and strong broker relationships, aligning closely with Novacore’s strategy of transforming the specialty insurance sector.
Jon Hill, President of Minglewood Risk, highlighted the opportunities that come with the partnership. “Joining Novacore marks an exciting new chapter for our team and our partners. Together, we bring a shared commitment to underwriting excellence and client-first service, now strengthened by Novacore’s technological and analytical capabilities. This combination positions us to accelerate growth, particularly in the five boroughs of New York, where habitational demand continues to evolve. With Novacore, we are on track to achieve new levels of success while staying true to the values that have guided our business from the start.”
Charles A. Thomas, Managing Member of Minglewood Risk, added that the deal underscores the value of the company’s achievements to date. “This transaction underscores the quality of what we’ve built at Minglewood Risk and paves the way for our team to grow even faster with Novacore’s scale and technology.”
Novacore, which builds on the 35-year track record of NSM Insurance Group, provides more than 15 specialty insurance programs across a wide range of industries. Partnering with over 20,000 agents nationwide, the company combines advanced technology, specialized underwriting and strong carrier relationships to deliver tailored solutions to brokers and clients.
Minglewood Risk will join Novacore as part of its expanding real estate programs, bringing its expertise in habitational insurance and strong regional presence into the broader Novacore platform.
