Source: PR Newswire
Ignyte Insurance officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world. A portfolio company of global investment firm Carlyle since 2022, Ignyte marks a bold new chapter in the evolution of specialty insurance.
Ignyte launches following the recent sale of NSM Insurance Group’s U.S. commercial business to New Mountain Capital. The company is led by seasoned industry veterans Geof McKernan, Bill McKernan and Marc Castellucci — an executive team with over three decades of experience in building and scaling successful insurance platforms. Under their leadership, Ignyte is poised to accelerate its mission of delivering innovative, consumer-centric insurance solutions across niche markets globally. The company’s growth strategy is driven by a proven acquisition model, deep underwriting expertise, and a disciplined investment approach.
“Today marks an exciting new chapter,” said Geof McKernan, CEO of Ignyte Insurance. “Ignyte represents more than a name — it embodies the entrepreneurial spirit, innovation and grit that have fueled our growth for over three decades. Others may turn away from unique or complex niche industries — but we run toward them. We’re laser-focused on identifying high-performing companies and sectors, and helping them scale through differentiated strategies, technology and talent. We’ve built a world-class platform — and now, we’re ready to go even further and faster.”
“We’re incredibly proud of what we built at NSM Insurance Group over the past 35 years, but it was time to take on a new challenge,” said Bill McKernan, President of Ignyte Insurance. “We’ve proven our ability to build and scale successful companies, and with Ignyte, we’re ready to take that to the next level. The opportunity ahead is massive.
Read the full article: https://www.prnewswire.com/news-releases/introducing-ignyte-insurance-a-bold-new-platform-powering-growth-in-specialty-insurance-302431186.html
