Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commercial division of NSM Insurance Group, announced it has entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based insurance services agency specializing in lender-placed insurance, investor property and buy here pay here programs, as well as insurance for financial institutions.
The acquisition of CPIA expands Novacore’s capabilities within the financial institution and lending ecosystem, adding a long-established platform with deep expertise in collateral protection, compliance services and technology-enabled insurance administration.
CPIA will become part of Novacore’s growing portfolio of specialty solutions, supporting continued expansion across lender-focused insurance and services offerings nationwide.
Founded in 1977, CPIA serves banks, mortgage servicers, credit unions, hard money lenders and credit companies nationwide.
Topics
Mergers & Acquisitions
Texas
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