Bridge Specialty Group to acquire Nationwide Brokerage Solutions

Bridge Specialty Group (BSG) has entered into an agreement with Nationwide to acquire NBS Insurance Agency, Inc. (operating as Nationwide Brokerage Solutions or NBS), with the transaction expected to close in March 2025.

The deal was announced by Stephen M. Boyd, President of BSG, and Mark Berven, President and Chief Operating Officer of Nationwide Property & Casualty. The agreement includes only NBS and no other Nationwide-affiliated companies.

Boyd stated, “NBS has served as a wholesaler and market access provider for retail agents for more than 50 years, providing superior service to their customers and retail broker partners.

“We look forward to welcoming the talented, customer-focused NBS team to Bridge Specialty Group. We are excited about the opportunity to invest in their continued development while immersing them in our dynamic, people-first culture. The addition of the NBS business to our operation will bring added specialization and complement our existing capabilities.”

Berven added, “Nationwide and Bridge Specialty Group have had a strong working relationship for many years. Through our discussions, we determined there was a shared opportunity to enhance both of our organizations through a strategic transaction. With its tools, resources and strong global market presence, BSG is well positioned to drive the growth of NBS going forward.”

NBS will continue operating as a national platform, led by President Ted Stuckey. He will report to Anurag Batta, Chief Operating Officer of BSG, and collaborate closely with other BSG leaders.

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