NSU Healthcare Acquires Medical Professional Liability Book from Adler-Downey
Bellevue, WA, August 18, 2006 – National Specialty Underwriters, Inc. (NSU), a
national leader in insurance solutions for the healthcare industry, announced today that
they have acquired the medical professional liability book of business from AdlerDowney of Arizona, Inc., a wholesale broker based in Phoenix, Arizona. The acquisition
increases the size of NSUís malpractice book of business, placing them more firmly in a
leadership position nationally in the healthcare industry.
Chris Randall, President of NSU, said ìThis transaction allows Adler Downey to stay
focused on their ongoing areas of expertise while NSU is seamlessly bringing on a book
of specialty business within an industry where we maintain a national leadership
ìThis purchase provides us with a great opportunity to enhance our position with the
twenty-four insurance carriers with whom we workî concludes Mr. Randall. ìIt comes at
a time when there are so few truly specialized medical malpractice insurance wholesalers
out there. It also takes advantage of national presence. We have a dedicated staff of
twenty, specialists, located in Bellevue, Chicago, and Atlanta. They will manage this
transition to satisfy these new customers, while continuing their strong new sales
About National Specialty Underwriters, Inc.
National Specialty Underwriters, Inc. is a program administrator and niche wholesaler
headquartered in Bellevue, Washington, offering cost effective insurance to targeted
clientele, including the Hospitality and Healthcare industries, as well as wholesale
placement of difficult Property and Casualty Excess risks.
Mystic Capital Advisors Group, LLC provided transaction advisory services to NSU.