NMB is a leading independent Lloyd’s insurance and reinsurance broker, with a focus on the energy, marine and property sectors.
NMB was established in 1987 as a niche energy broker and has expanded over the years into the marine, non-marine and reinsurance disciplines. We have established a reputation for professionalism and service delivery in our chosen fields. We believe in specialist focus, motivation, relationships and sheer hard work.
During our lifetime, we have grown organically, providing continuity and expertise in our specialist areas. We are proud to have clients who have been with us since our formation. Our philosophy is to foster and build long-term relationships using balanced service teams that do not change from year to year. We believe this is an attractive model for clients who want bespoke insurance, independent thought, unbiased advice, personal commitment and consistent service from dedicated people.
Acquisition of NMB by CGSC Group
NMB has been in negotiations with the CGSC Group in recent months for the sale of the company to CGSC. On Friday 20 September 2013 contracts were exchanged and final completion took place on 10 October 2013 following receipt of formal approval from the UK Financial Conduct Authority.
Click here for the Press Releases of 11 October and 23 September.
“I believe that the combination of the businesses will be good for our staff and, most importantly, that it will enhance our offering to our clients to whom we will continue to offer independent service: like us, CGSC is an independent broker focused on the wholesale and reinsurance sectors with no retail presence in the U.S. For our clients, some of whom have been with us for many years, it will be ‘business as usual’; they will continue to receive the same excellent service from the same people. Where appropriate, we will combine business lines to enhance our offering and develop the business, with NMB as CGSC’s specialist broker for energy and related classes.” – Gordon Newman