Conshohocken-based Novacore, a specialty insurance provider, recently entered into a definitive agreement to purchase California-based Diesel Insurance Solutions, a managing general underwriter specializing in cross-border trucking, physical damage and cargo coverage.
The purchase is part of Novacore’s commitment to building a diversified, specialty-focused platform that combines underwriting expertise, technology and services. It will expand the company’s Specialty Transportation segment with a dedicated cross-border trucking and cargo platform, deepening its ability to serve trucking and logistics clients, and broaden its offering beyond physical damage and cargo into additional specialty transportation lines.
“The acquisition of Diesel Insurance Solutions represents a strategic expansion of Novacore’s Specialty Transportation segment into cross-border trucking, physical damage and cargo coverage,” Aaron Miller, Novacore CEO, said. “Diesel brings deep underwriting expertise and a strong niche in an underserved corner of the transportation market. Together, we are continuing our approach of profitable growth across the Novacore platform, and we’re excited to support Jason (Wexler) and his team as they broaden Diesel’s offering into new lines.”
Diesel’s underwriting expertise is tailored to carriers and logistics operators moving freight across the U.S.-Mexico border. Wexler founded and leads the company.
Novacore partners with more than 20,000 agents nationwide and offers more than 20 specialty programs.