Norman-Spencer Agency, Inc. Acquires Northern Star Management

Aug 06, 2014, 09:35 ET from Norman-Spencer Agency, Inc.

DAYTON, Ohio, Aug. 6, 2014 /PRNewswire/ -- Norman-Spencer Agency, Inc., a leading national property and casualty insurance provider, announced today that it has completed the acquisition of Northern Star Management, Inc. (Northern Star). Based out of New Jersey since 1997, Northern Star has been an underwriting management company and wholesale producer working with a network of brokers and agents to offer specialized transportation insurance solutions.

The addition of Northern Star provides a complement to Norman-Spencer's program offerings. Northern Star's four programs — Specialty Haulers, Auto Transporters, Towing, and Collateral Recovery —- broaden Norman-Spencer's areas of focus. The transportation component will join a line of programs for marine, construction and select specialty markets. Along with an expanded carrier network, Norman-Spencer will add 1,000 agencies to its current distribution network of over 3,000 independent agencies.

"We are very excited to welcome Northern Star Management to the Norman-Spencer family and about the opportunities this brings to our customers and partners," says Brian Norman, President of Norman-Spencer. "In addition to incorporating Northern Star's programs into our existing offerings, the Northern Star team will improve our ability to serve the needs of our retail agent network by enhancing our management, underwriting and service capabilities."

George Karlis, President of Northern Star, released his own statement about the acquisition.

"We are proud to join Norman-Spencer's team as a nationwide insurance agency that shares our same corporate values and customer focus," says Karlis. "Northern Star Management's customers will continue to receive the same level of individual attention and personalized service that they have become accustomed to for the better part of two decades."

About Norman-Spencer Agency, Inc.

Norman-Spencer provides industry-leading insurance services to clients and insurance buyers nationwide. With over 10 proprietary in-house property and casualty insurance programs, Norman-Spencer covers industries including transportation, marine, construction, and professional lines.

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SOURCE Norman-Spencer Agency, Inc.