Headlines

Pet Insurance Company Acquired

‘Our cultures align seamlessly,’ the CEO of Embrace Pet Insurance said.

Published

5 years ago

April 4, 2019

PETS+ Staff

CONSHOHOCKEN, PA — NSM Insurance Group announced that it has acquired Cleveland-based Embrace Pet Insurance.

Financial terms of the deal were not disclosed.

Geof McKernan, CEO of NSM, said, “We are excited to continue our expansion in North America with Embrace.

“Embrace provides us with a strong platform to accelerate our growth in the pet health insurance space. Ambrish Jaiswal, CEO of Embrace, has built a great company and culture.

“Embrace Pet Insurance has continuously been named a top workplace in Northeast Ohio, which is a testament to Ambrish and his team.”

Jaiswal added, “We look forward to joining Geof and the NSM family. Our cultures align seamlessly. Together, we will offer a compelling value proposition to our clients and carrier partners while delivering comprehensive insurance coverage for healthy and happy pets and their parents.”

Embrace’s current management team will continue to operate the business from its headquarters in Cleveland under the existing Embrace Pet Insurance brand.

Related Topics:insurance Latest News Top

PETS+ Staff

Since launching in 2017, PETS+ has won 24 major international journalism awards for its publication and website and was a finalist for Best Single Issue in the prestigious Neal Awards in both 2017 and 2024.

click to Comment(Comment)

NASC Media Spotlight

At first it was just an idea: Animal supplements needed the same quality control that human-grade supplements receive. But that was enough to start a movement and an organization —the National Animal Supplement Council — that would be dedicated to establishing a comprehensive path forward for the animal supplements industry. In this Media Spotlight interview, NASC’s president, Bill Bookout, talks to PETS+ interviewer Chloe DiVita about the industry today: Where it’s headed, what’s the latest focus and why it’s vital to gain the involvement of independent pet product retailers.