Royal Marine Insurance Group Merges with Miami’s NSI Insurance Group

Becomes One of Largest Privately Owned Insurance Firms in Fla.

MIAMI LAKES, Fla.--(BUSINESS WIRE)-- NSI Insurance Group today announced that it has merged with another Miami-based insurer, Royal Marine Insurance Group. The combined company will continue to be known as NSI Insurance Group and continues to be one of the largest private insurance firms in Florida.

NSI Insurance Group and co-owners George Nenezian and Oscar Seikaly operate the top retail insurance brokerage which has roots in Miami that date back to 1958. The company specializes in risk management and insurance services to many industries throughout Florida and the nation including hospitality, museums and non-profit organizations, construction, distributors, condominium associations, financial institutions, real estate and property management, healthcare providers, and trucking and transportation. NSI was listed in 2010 as one of the top 15 insurance agencies in the tri-county area by the South Florida Business Journal.

The executives and staff of Royal Marine Insurance Group bring extensive experience and a premier client base to NSI that includes global specialization in marine and aviation. Its client reach extends worldwide with a concentration in the Caribbean, Mexico and the Americas.

“We have found a tremendous and complementary partner in Royal Marine,” said Oscar Seikaly, co-owner of NSI. “The company has vast experience and market knowledge in the marine and aviation industries. The merger is already proving to be an excellent fit.”

The merger, which closed April 1, offers new services and options for the combined company’s client base. NSI will now offer a broader variety of insurance and risk experience, but with deeper knowledge and specialization, to all of its clients.

“NSI has been a market leader in personal and commercial insurance for generations,” said Karen Miller, president of Royal Marine. “We are pleased to join forces in a way that will offer tremendous benefits and opportunities for our clients and our employees.”

With more than 70 employees, NSI is one of the largest privately held insurance companies in Florida. For more information, call 305-556-1488 or visit www.nsigroup.org.

David PR Group
John P. David, 305-255-0035
E-mail: [email protected]

Source: NSI Insurance Group