Novacore To Acquire CP Insurance Associates, Expanding Capabilities
Novacore, an independent, next-generation specialty insurance provider set to shape the future of specialty insurance, has entered into a definitive agreement to acquire CP Insurance Associates (CPIA), a Texas-based insurance services agency specializing in lender-placed insurance, investor property and buy here pay here programs, as well as insurance for financial institutions.
The acquisition of CPIA expands Novacore’s capabilities within the financial institution and lending ecosystem, adding a long-established platform with deep expertise in collateral protection, compliance services and technology-enabled insurance administration. CPIA will become part of Novacore’s growing portfolio of specialty solutions, supporting continued expansion across lender-focused insurance and services offerings nationwide.
“The acquisition of CP Insurance Associates represents a strategic expansion of Novacore’s specialty capabilities into insurance services that are critical to today’s financial institutions,” said Aaron Miller, CEO of Novacore. “CPIA brings nearly five decades of experience, strong operational infrastructure and a technology-driven approach to insurance tracking and lender placed solutions. Together, we are enhancing our ability to deliver scalable, compliant, and efficient solutions that support lenders, carriers and distribution partners across the country.”
Founded in 1977, CP Insurance Associates is a Texas-based organization serving banks, mortgage servicers, credit unions, hard money lenders and credit companies nationwide. CPIA is licensed in 49 states across the continental U.S. and is known for its comprehensive insurance tracking capabilities, customized lender placed insurance solutions, in-house service teams and robust compliance and reporting infrastructure.
“Joining Novacore marks an exciting next chapter for CPIA,” said Martin Rhodes, Chairman and CEO of CP Insurance Associates (CPIA). “We have built CPIA on a foundation of service, technology and expertise tailored to the needs of financial institutions. Partnering with Novacore allows us to scale our platform, invest further in innovation and continue delivering the high level of service our clients expect, now backed by a broader specialty insurance organization.”
The transaction underscores Novacore’s continued commitment to building a diversified, specialty-focused platform that combines underwriting expertise, technology and services to meet the evolving needs of complex insurance markets.
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