NBS Underwriting acquires The Underwriting Specialist
21 June 2021
Nationwide Broker Services Limited “NBS Underwriting” are delighted to announce the acquisition of The Underwriting Specialist Limited “TUS”. The TUS acquisition expands NBS Underwriting’s product base throughout the UK and Ireland.
TUS, based in Hitchin, Hertfordshire, is a Professional Indemnity focused MGA, regulated by the FCA and an approved Lloyd’s Coverholder. TUS’ PI products cover damages to professionals and their clients, with a range of coverage options and a comprehensive policy. It is open to an array of UK based professions, including Architects, Design & Construct Risks, Engineers, Property Professionals (inc. Chartered Surveyors) as well as miscellaneous risks. The acquisition of TUS will allow both TUS and NBS to expand their client base with complimentary products.
The transaction will further strengthen the position of NBS and TUS within the broker market, bringing significant synergies to all parties and giving our brokers the competitive advantage with multiple product offerings.
Richard Bennett, Managing Director of TUS said “The opportunities that have opened up for TUS by becoming part of the NBS family are vast and we look forward to growing our business alongside our new colleagues. With the current market crying out for organisations looking to make a difference, TUS now has the tools to do the job. TUS will continue to trade as it has always done while having the strength and backing of the NBS Group.”
“We are delighted to have secured this acquisition as the TUS products are complimentary to those offered by NBS. We have known the TUS team for a number of years and look forward to working with Richard, Teresa and the rest of the team” said Stan Kaznowski, CEO of the NBS Group.
About NBS Underwriting:
NBS Underwriting is an established MGA writing a range of products including SME, Home and Contents and Contractor’s Liability insurance. NBS Underwriting partner with a number of leading quality insurers and provide a technology led solution to Underwriting with all broker and underwriting submissions via an online platform.
For further detail, contract:
17 June 2021