Sign In
Subscribe

NSM Insurance Group Acquires ISO Student Health Insurance

CONSHOHOCKEN, Pa., July 30, 2024 /PRNewswire/ — NSM Insurance Group, a global specialty insurance provider with more than $1.8B in premium across 25+ niche insurance programs, today announced that it has acquired ISO Student Health Insurance. Since 1958, ISO has offered accident and sickness insurance plans specifically designed for international students and scholars studying outside of their home country and traveling to the United States.

“We are thrilled to welcome ISO to our growing family of travel insurance brands,” said Bill McKernan, President of NSM Insurance Group. “ISO is the market leader in student travel insurance and has established an amazing direct-to-consumer distribution strategy. Jacob and his team have built a tremendous business and operating model and we look forward to supporting their continued growth by leveraging our cutting-edge resources and technology and global distribution channels. The future is certainly bright for ISO and NSM.”

ISO delivers affordable and accessible international insurance to more than 3 million students in over 200 countries. ISO has also partnered with over 2,600 top universities to enroll students in ISO products and maintains strong relationships with international student advisors and risk managers. Through a digital enrollment platform, ISO delivers a seamless purchasing experience, multilingual services and robust plan options for its customers.

“We’re energized to become a part of NSM’s burgeoning portfolio of leading travel insurance brands. For over 60 years, we have remained laser focused on serving a target demographic no other provider can match and building a highly reputable brand based on deep industry relationships, a range of product offerings and fast and reliable customer service,” said Jacob Harel, Chairman of ISO. “I am confident NSM has the capacity and resources to enable ISO’s continued growth through product development and geographic expansion.”

“The ISO team is delighted to join forces with NSM and build on our legacy of delivering the best health insurance offerings for international students — pioneered and managed by current and former international students,” added Stephanie Lin, CEO of ISO.

Over the past 34 years, NSM has developed a winning formula for building the industry’s most successful and sustainable insurance programs in niche sectors, consistently outperforming competitors and driving industry-leading growth and profitability. This acquisition marks NSM’s fourth acquisition in the travel space over the last nine months. In October 2023, NSM acquired Envisage International, a leading provider of global health and travel insurance for international students and cultural exchange participants. In May 2024, NSM signed a definitive agreement to purchase two travel insurance brands, AllClear Travel Insurance and InsureandGo. NSM remains committed to pursuing strong-performing companies in the travel insurance space as the company looks to become a dominant player in the industry.

For more information about NSM or for investment opportunities, please visit nsminc.com.

About NSM Insurance Group

NSM Insurance Group is a global specialty insurance provider, exclusively focused on building successful insurance programs. For more than 30 years, NSM has been committed to delivering industry-specific insurance programs that help agents meet the unique needs of their customers and fuel market growth through innovative development, underwriting, distribution and claims expertise. The company has built more than $1.8 billion in premium across 25+ specialty insurance programs and brands around the world focused on collector cars; student health and travel; social services and behavioral health; addiction treatment; coastal condominiums; towing and garage; trucking; sports and fitness; professional liability for contractors, architects and engineers; habitational; commercial and residential contractors; medical stop-loss and managed care; staffing; and workers’ compensation. For more information on NSM, visit nsminc.com.

About ISO Student Health Insurance

ISO Student Health Insurance (ISO), founded in 1958 and headquartered in New York City, is an insurance brokerage specializing in health insurance solutions for international students. As such, ISO acts as plan administrator, broker and manager of the high-quality insurance products available for international students, scholars and their dependents during their course of study in the U.S. For more information, visit isoa.org.

Top Stories

Related Articles

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, Coeus Intelligence will share the Data with our associate companies (including event and content sponsors) to promote their products and services. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

            COVID-19
            Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

            Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

            The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

            Request Nomination Pack

            Error: Contact form not found.