DOXA Insurance Holdings today announces the acquisition of R.V. Nuccio & Associates (RVNA), a managing general agent (MGA) providing event related coverage for the entertainment, sports, leisure, recreation and non-profit sectors. Established in 1990, RVNA offers exclusive programs designed for weddings, film production, non-profit fundraising events and more with delegated underwriting authority from three A.M. Best “A” rated or better carriers.
As the first insurance organization to adapt to the changing insurance marketplace by introducing a complete online transaction capability, RVNA continues to evolve and focus on technological advancement for the benefit of their insureds. Today the niche MGA utilizes a technology platform suited to quote and bind a policy in under 15 seconds.
“DOXA is excited to partner with a firm that brings a diversified and sustainable product portfolio to the table. The entertainment space is a new marketplace for DOXA, and we look forward to exploring the sector with RVNA’s guidance,” said Matt Sackett, CEO and co-founder of DOXA. “RVNA’s technology-centric processing paired with their client focused direct to consumer model also offers new capabilities for the team at DOXA to continue to better serve our customers.”
With this partnership RVNA brings to DOXA a differentiated distribution model with straight-through-processing, exceptional brand recognition in the marketplace and a diversified product offering. In turn, DOXA will continue to support RVNA with back-office assistance and dedicated sales efforts as it looks to continue to penetrate the existing sector and expand product offerings to adjacent markets.
“Since inception, RVNA has worked to stay ahead of the curve in adjusting to changes in the marketplace and offering customers individualized coverage customized to their needs,” said Robert V. Nuccio, founder and president of RVNA. “Partnering with DOXA gives us another level of insurance expertise paired with valuable administrative support that will help us continue to expand into new spaces.”
The transaction closed on Feb. 29, 2024.
ABOUT DOXA INSURANCE:
DOXA Insurance Holdings is a Midwest-domiciled holding company that acquires specialty niche-focused insurance distribution companies such as Managing General Agencies, Wholesale Brokers, and Program Administrators. DOXA focuses on assisting businesses through centralized support services to help companies maximize their growth potential. DOXA’s founders are experienced insurance executives with credentials in the niche and specialty insurance market. More information is available at www.doxainsurance.com
ABOUT RVNA
R.V. Nuccio & Associates, Inc. (RVNA) operates nationwide as an insurance broker and program administrator, exclusively developing and managing insurance product lines for A+ rated carriers for over 34 years. With over 48 years of expertise in the development of specialty insurance products RVNA provides exceptional value to key partners and writes industry-specific insurance to meet customers’ needs 24 hours a day, 7 days a week. RVNA positions all partners and customers for long term success through measuring and managing risk, providing guidance and insurance expertise, and delivering products to quote and buy online at an affordable cost. More information is available at https://www.rvnuccio.com/.