We are pleased to announce that NBIS has been acquired by Align Financial Holdings, a leading general agency and specialist program underwriting manager. The announcement was made by Align at the end of last month. The acquisition of NBIS fits well with Align’s strategy of building a high-quality and increasingly diversified underwriting business offering a broad portfolio of specialty P&C programs to an expanding base of customers, brokers, and agents.
Kieran Sweeney, Founder and CEO of Align, stated, “I am really delighted to welcome all the employees of NBIS to the Align family. NBIS has a strong reputation as the leading specialty underwriting manager in the crane & rigging, specialized transportation and concrete pumping industries. Bill Tepe and his management team have over twenty years’ experience developing the products and risk solutions needed to best support the specialist producers and industry associations that serve these industries. We look forward to working with the entire NBIS team and their excellent carrier partners to grow and be successful well into the future.”
Bill Tepe, President of NBIS, commented, “Align is the right company to lead NBIS into its next chapter. Their focus on quality underwriting and service, strong carrier and producer relationships, and people-first approach complements the NBIS culture very well. We appreciate the leadership of our Board of Directors led by SunTx Capital Partners over the years, and are excited about the opportunities to further grow and expand our products and services in partnership with Kieran and the team at Align.”