Novacore Acquires Diesel Insurance Solutions to Expand Cross-Border Trucking Capabilities
Novacore, an independent specialty insurance provider, has agreed to acquire California-based managing general underwriter Diesel Insurance Solutions Inc. The acquisition is expected to enhance Novacore's Specialty Transportation segment by adding expertise in cross-border trucking, physical damage, and cargo coverage. This move allows Novacore to better serve carriers and logistics operators moving freight across the U.S.-Mexico border. Diesel brings a strong underwriting focus on an underserved niche within transportation insurance markets. The full team from Diesel will join Novacore as part of this strategic expansion. Jason Wexler, founder of Diesel Insurance Solutions, expressed enthusiasm about joining Novacore's platform and leveraging its resources to expand into new lines. The acquisition aligns with Novacore’s mission to build a diversified specialty insurance platform that combines underwriting expertise, technology, and services for complex markets.
Topics: Cargo Insurance Cross-Border Trucking Insurance Specialty Transportation