NSM buys contractor, construction specialist

NSM Insurance Group said Monday it has completed the acquisition of Shield Commercial Insurance Services Inc., a Palm Desert, California-based managing general underwriter specializing in general contractor and construction liability business.

Shield provides general liability, excess liability, workers compensation, inland marine and contractors professional and pollution liability coverage to small and mid-sized general contractors.

Shield has 42 employees, all of whom will be joining NSM, a spokeswoman for the Conshohocken, Pennsylvania-based managing general agent said in an email.