Novacore

Novacore is a leading specialty insurance provider committed to transforming how niche markets are served. With a 35-year legacy, Novacore combines deep underwriting expertise, strong carrier relationships and a vast agent network to usher in a new era of innovation powered by technology, automation and data-driven insight. Focused on complex and hard-to-place risks, Novacore partners with more than 20,000 agents nationwide to deliver customized insurance programs backed by top-rated carriers. The company manages a portfolio of 15+ high-performing, niche insurance programs across Property & Casualty, Accident & Health and Reinsurance — as well as its retail agency, NSM Insurance Brokers.

New Mountain’s investment in Novacore is the product of its long-standing sector “deep dive” in the Insurance Services space. New Mountain has a long track-record throughout the insurance ecosystem, including distribution (AmWINS, IMA, OneDigital), claims services (Alpine Intel, Classic Collision), and reinsurance (Validus).