Novacore Expands into Transactional Risk Insurance with Zion Underwriting Launch
Event summary
- Novacore launched Zion Underwriting on April 29, 2026, entering the transactional risk insurance market.
- Zion Underwriting offers representations & warranties insurance (RWI), tax liability insurance, and contingent risk solutions for M&A transactions.
- Michael Mora, an industry veteran, leads the program as President of Alternative Risk for Novacore.
- The program targets private equity firms, corporate acquirers, investment banks, and transaction counsel.
The big picture
Novacore's entry into transactional risk insurance comes as M&A activity remains robust, with buyers increasingly relying on specialized coverage to mitigate deal risks. The launch positions Novacore to capitalize on the growing demand for tailored risk transfer solutions in complex corporate transactions. With over 20,000 agent partners and a track record spanning 35 years through NSM Insurance Group, Novacore aims to disrupt the market with its specialized underwriting capabilities.
What we're watching
- Market Penetration
- How Zion Underwriting will compete with established players in the transactional risk insurance space.
- Underwriting Discipline
- Whether Novacore can maintain underwriting discipline while scaling its new program.
- Broker Relationships
- The pace at which Zion Underwriting builds and leverages broker relationships to drive growth.
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