NSM acquires Tennessee-based specialist broker

NSM acquires Tennessee-based specialist broker | Insurance Business America

NSM acquires Tennessee-based specialist broker

NSM Insurance Group, a leading industry-specific insurance program administrator, has announced the acquisition of TranSpec, a Tennessee-based transportation insurance broker.

TranSpec specializes in providing insurance programs for trucking firms that use owner-operators. TranSpec’s program coverages include non-trucking liability, physical damage and occupational accident for owner-operators of trucks.

“We are excited to welcome TranSpec to the NSM family,” said NSM Insurance Group President Bill McKernan. “More importantly, we are enthusiastic for the growth opportunities associated with this business. For over 20 years, NSM has provided motor carriers and owner-operators insurance programs that meet their unique needs. TranSpec and their terrific team are a perfect addition to NSM.”