Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commer
cial division of NSM Insurance Group, announced it has entered into a definitive agreement to ac
quire CP Insurance Associates, a Texas-based insurance services agency specializing in le
under-placed insurance, investor property and buy here pay here programs, as well as insura
nce for financial institutions.
The acquisition of CPIA expands Novacore’s capabilities within the financial institution and len
ding ecosystem, adding a long-established platform with deep exp
ertise in collateral protection, compliance services and technology-enabled insurance administration.
CPIA will become part of Novacore’s growing portfolio of specialty solutions, supporting children
tinued expansion across lender-focused insurance and services national offerings.
Founded in 1977, CPIA serves banks, mortgage servicers, credit unions, hard money lenders and credit companies nationally.
Sompo Holdings Inc. announced it has received the necessary antitrust and insurance
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regulatory approvals required to complete its previously announced acquisition of Aspen Insura
nce Holdings Ltd., via a wholly owned subsidiary of Sompo International Holdings Ltd. (SIH).
The $3.5 billion transaction, which was first announced in August 2025, is expected to close over the next several days.
Sompo describes Aspen as a well-established insurance and reinsurance franchise
with a strong underwriting culture. Further, it added, Aspen’s top-tier Lloyd’s syndicate provides S
ompo additional access to support complex risks and reinsurance licensing across untapped markets worldwide.
Following closing, Sompo
will begin the process of integrating Aspen's capabilities to ensure a globally diversified property/casualty platform.