PRODUCTS CLAIMS SHELTERPRIDE COMPANY RESOURCES Agent Login Find An Agent Customer Portal Report A Claim Timothy Moura Named President of Narragansett Bay Insurance Company FEBRUARY 13, 2018 PAWTUCKET, R.I. (February 13, 2018) — Timothy Moura has been named President of Narragansett Bay Insurance Company (“NBIC”) and will be responsible for directing the operations of the company and leading its strategic initiatives to drive continued profitable growth. NBIC is one of the largest coastal homeowners insurance carriers in the Northeast with approximately $330 million in total premiums, and is focused on providing valuable products and services to agents and customers in the markets it serves. Mr. Moura’s new role follows the recent announcement of the acquisition of NBIC by Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage”). Together, the combined organization operates as a superregional property insurer with almost $1 billion in total premiums across twelve states. CONTINUE READING Heritage Insurance Obtains Regulatory Approval to Acquire Narragansett Bay Insurance Company NOVEMBER 27, 2017 Heritage Insurance Holdings, Inc. (NYSE:HRTG) (“Heritage” or the “Company”), a property and casualty insurance holding company, today announced that it has secured regulatory approval from the Insurance Division of the Rhode Island Department of Business Regulation to proceed with its acquisition of NBIC Holdings, Inc., the parent company of Narragansett Bay Insurance Company (“NBIC”). Heritage has set the closing date for the transaction as of the close of business on November 30, 2017. The combined entity will be a leading super regional personal lines carrier, with a presence in 12 states and over $900 million of gross premiums written. CONTINUE READING Heritage to Acquire Narragansett Bay Insurance for $250 million AUGUST 8, 2017 Heritage to Acquire Narragansett Bay Insurance for $250 million to Create Leading Super Regional Personal Lines Carrier Clearwater, Fla., August 8, 2017 – Heritage Insurance Holdings, Inc. (NYSE:HRTG) (“Heritage” or the “Company”), a property and casualty insurance holding company, today announced that it has signed a definitive agreement to acquire NBIC Holdings, Inc., the parent company of Narragansett Bay Insurance Company (“NBIC”), a leading specialty underwriter of personal residential insurance products and services in states along the Eastern seaboard. The purchase price for the acquisition will be $250 million, subject to post-closing adjustments. The acquisition will be financed with $210 million in cash and $40 million of the Company’s common stock. The combined entity will be a leading super regional personal lines carrier, with a presence in 12 states and over $900 million of gross premiums written. The transaction is expected to be immediately accretive to earnings per share and ROE. CONTINUE READING Media Contact Use the information below with any media contact needs or requests. Narragansett Bay Insurance Company Attn: Media Contact P.O. Box 820 Pawtucket, RI 02860-0820 401-495-6007 media@nbic.com Products Homeowners Insurance Policy Condo Insurance Policy Tenants (Renters) Insurance Policy Dwelling Insurance Policy Commercial Residential Insurance FAQs Claims Report a Claim Loss Checklist ShelterPride ShelterPride Overview Loss Prevention Resources Company About Us Latest News Executive Management Helpful Links Contact Us Resources Find an Agent Make a Payment Report a Claim Careers Connect With Us © Copyright 2021 Narragansett Bay - All Rights Reserved. | Privacy Policy