Overview of Transaction

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• Headquartered in Palm Desert, CA, Transatlantic Commercial Holdings, Inc. and Shield Commercial Insurance Services (Shield, collectively) is a Managing General Underwriter (MGU) that specializes in the underwriting of Property and Casualty coverages in the construction liability space. 

• Shield was founded in 2004 after identifying a need for a small contractor’s general liability product, later expanding its offerings into other lines of coverage and programs, including a Small-market Contractors Program on behalf of Nationwide E&S/Specialty. 

• Shield agreed to partner with NSM Insurance Group (NSM), a leading specialty insurance provider with more than $1.5B in premium across 25+ niche insurance programs in the U.S. and U.K.

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Significance of Transaction​

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• The acquisition will provide NSM with a best-in-class MGU team with robust expertise in the construction/contractor liability space. It will also allow NSM to expand its footprint into the California market and leverage the strong capabilities the Shield team has built. 

• The acquisition will allow the Shield team to leverage NSM’s existing national client base. NSM will accelerate Shield’s growth by expanding their geographic footprint and national distribution with NSM’s robust network of 15,000+ agent partners across the country.

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Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to Shield. 

• This transaction highlights the strength of Sica | Fletcher’s relationships with leading agencies and top-tier investors.