Two Miami-based companies, Royal Marine Insurance Group and NSI Insurance Group, have announced their merger. The combined company will retain the NSI Insurance Group name.
NSI, which has roots in Miami dating back to 1958, has more than 70 employees and is one of the largest privately held insurance companies in Florida. The firm specializes in risk management and insurance services to industries in Florida and nationwide.
Royal Marine provides specialized resources in marine, aviation and transportation insurance management. Its client reach extends worldwide with a concentration in the Caribbean, Mexico and the Americas. It began operations as Royal Marine Underwriters in 1987.
“We have found a tremendous and complementary partner in Royal Marine,” said Oscar Seikaly, co-owner of NSI. “The company has vast experience and market knowledge in the marine and aviation industries. The merger is already proving to be an excellent fit.”
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