The acquisition represents a significant expansion for NIG into new parts of the state of New South Wales (NSW), with Nadic operating branches in the Hunter and Gold Coast regions, as well as in Sydney.
The acquisition also expands the range of services offered by NIG. The company, which is majority owned by the Steadfast Group, specialises in general risk management, workers’ compensation, claims management and specialty industry risks.
Nadic specialises in general insurance, travel insurance, business insurance, professional and directors’ insurance, mining and allied industries, income protection, life insurance, employee benefits and workers’ compensation.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.