Philadelphia, PA — A new player has entered the specialty insurance arena with the official launch of Ignyte Insurance, a platform designed to acquire, scale, and support high-performing insurance brands in niche markets across the globe.
The venture is led by industry veterans Geof McKernan, Bill McKernan, and Marc Castellucci, and follows the recent sale of the U.S. commercial division of NSM Insurance Group to private equity firm New Mountain Capital. With decades of experience in growing successful insurance businesses, the leadership team aims to bring a fresh, innovation-driven approach to specialty lines.
“Ignyte represents more than just a new name,” said Geof McKernan, CEO of Ignyte Insurance. “It reflects the entrepreneurial spirit, innovation, and resilience that have driven our success for over 30 years. Where others may shy away from complex or underserved markets, we see opportunity.”
The company’s strategy centers on a tested acquisition model, robust underwriting capabilities, and a disciplined investment framework. Ignyte is building a portfolio of specialty insurance brands spanning areas such as collector car insurance, travel medical coverage, international student health, and leased equipment, along with other embedded insurance solutions.
Currently, Ignyte and its portfolio companies manage more than $650 million in premium and serve millions of customers across the United States, United Kingdom, Europe, and Australia. The company is supported by scalable capital, advanced technology infrastructure, and deep operational expertise aimed at accelerating growth and innovation.
“Our work at NSM over the past 35 years was just the beginning,” said Bill McKernan, now President of Ignyte Insurance. “With Ignyte, we’re stepping into a new era. We’ve demonstrated we can build and grow thriving insurance platforms — now we’re ready to go further.”
The company’s name itself signals its intent to stand apart in a competitive field. “Why the ‘Y’ in Ignyte?” McKernan added. “Because we don’t follow trends. We build brands that challenge convention, uncover untapped value, and deliver something truly different. We’re just getting started.”
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