Novacore has entered into a definitive agreement to acquire Minglewood Risk, a managing general agent specializing in habitational and real estate coverages. The acquisition is positioned to strengthen Novacore’s Real Estate segment and expand its footprint into the five boroughs of New York City. According to the company, the move enhances its niche underwriting capabilities and adds an established portfolio in the NYC market and beyond.
Strategic Growth in Habitational Insurance
Novacore, described as an independent, next-generation specialty insurance provider, stated that integrating Minglewood Risk supports its mission to shape the future of specialty insurance. CEO Aaron Miller said the acquisition represents “a significant leap” toward redefining the specialty insurance landscape by combining technology and underwriting expertise to offer increased value to brokers and clients.
Minglewood Risk’s Expertise and Market Reach
Founded in Langhorne, Pennsylvania, Minglewood Risk operates in key markets including New York, New Jersey, Pennsylvania, Colorado and California. The firm specializes in Commercial Package (Property & General Liability) and Excess & Umbrella insurance for residential real estate. With leadership citing more than 40 years of combined industry experience, Minglewood Risk is recognized for creative policy design, responsiveness and strong broker partnerships, which align with Novacore’s focus on market innovation.
President Jon Hill expressed that joining Novacore signifies a new chapter driven by shared commitments to underwriting excellence and client-first service. He noted that Novacore’s technological and analytical capabilities will support accelerated growth — particularly in New York’s five boroughs, where habitational demand continues to evolve.
Managing Member Charles A. Thomas said the transaction reflects the quality of Minglewood Risk’s foundation and enables faster growth supported by Novacore’s scale and technology.
About Novacore
Novacore positions itself as a next-generation specialty insurance provider built on the 35-year track record of NSM Insurance Group. The company delivers industry-specific programs through specialized underwriting, advanced technology and carrier partnerships. Novacore works with more than 20,000 agents nationwide and offers over 15 specialty programs across multiple markets. Additional information is available at novacore.com.
About Minglewood Risk
Minglewood Risk serves the residential real estate market with Commercial Package and Excess & Umbrella coverages focused on habitational risks. Headquartered in Langhorne, Pennsylvania, the company maintains distribution in New York, New Jersey, Pennsylvania, and other regions. Its reputation is rooted in underwriting expertise, innovative policy design, and reliable service. More details can be found at minglewoodrisk.com.
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