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NSI Insurance acquires Preferred Link

Privately-owned insurance coverage company NSI Insurance coverage Team is strengthening its presence in South Florida with the purchase of Most well-liked Hyperlink.

An insurance coverage company up to now serving as a subsidiary to FedNat, Most well-liked Hyperlink focuses on house owners’ insurance policies. The deal complements NSI’s place as one of the most biggest privately-owned insurance coverage brokerage and advisory corporations in Florida, an organization liberate defined.

The verdict to procure Most well-liked Hyperlink to deepen NSI Insurance coverage’s experience within the non-public strains area comes as Florida house owners are caught with premiums which might be thrice upper than the nationwide moderate, NSI stated, bringing up knowledge from the Insurance coverage Data Institute.

“Florida shoppers are hurting, and the most efficient treatment for navigating these days’s difficult marketplace is operating with a workforce that understands the best way to assessment possibility and align shoppers with the coverage that’s proper for them,” stated NSI Insurance coverage Team CEO Oscar Seikaly. “NSI’s addition of Most well-liked Hyperlink will supply an extra layer of skilled advisors who know the fine details of Florida’s insurance coverage panorama, and are well-versed in offering a top caliber of shopper carrier around the state.”

NSI additionally introduced in a commentary that its acquisition of Most well-liked Hyperlink is the newest in a sequence of M&A transactions it had accomplished because it appears to amplify each its experience and shopper roster in Florida.

Closing 12 months, NSI bought the insurtech HoneyQuote.com. HoneyQuote is a house insurance coverage comparability instrument that permits house owners to check quotes and insurance policies from insurance coverage suppliers in real-time via its machine-learning set of rules.

Supply By means of https://www.insurancebusinessmag.com/us/information/breaking-news/nsi-insurance-acquires-preferred-link-438576.aspx