Specialty insurance group Novacore has agreed to acquire Diesel Insurance Solutions, a California-based managing general underwriter (MGU) specialising in cross-border trucking, physical damage and cargo insurance, strengthening its position in a complex segment of the US transportation market.
The deal will bring Diesel’s specialist underwriting capabilities into Novacore’s Specialty Transportation business, adding expertise in risks faced by carriers and logistics operators moving freight between the US and Mexico. The acquisition gives Novacore an established presence in a niche it considers underserved, with plans to expand Diesel’s offering into additional specialty transportation lines.
Diesel will continue under founder Jason Wexler, with the company’s full team joining Novacore. Its experience underwriting domestic and cross-border freight risks is expected to support the group’s wider ambitions in transportation insurance.
The acquisition reflects Novacore’s strategy of building a broader specialty insurance platform through businesses with deep expertise in specific markets. The group draws on the 35-year history of NSM Insurance Group and combines industry-focused insurance programmes with technology, underwriting capabilities and carrier partnerships.
Novacore distributes its products through a network of more than 20,000 agents across the US and operates over 20 specialty programmes. The platform could give Diesel greater distribution reach and resources to develop new products for trucking and logistics customers.
Novacore CEO Aaron Miller said, “The acquisition of Diesel Insurance Solutions represents a strategic expansion of Novacore’s Specialty Transportation segment into cross-border trucking, physical damage and cargo coverage. Diesel brings deep underwriting expertise and a strong niche in an underserved corner of the transportation market. Together, we are continuing our approach of profitable growth across the Novacore platform, and we’re excited to support Jason and his team as they broaden Diesel’s offering into new lines.”
Diesel founder Jason Wexler added, “Joining Novacore marks an exciting next chapter for Diesel. Becoming part of the Novacore platform gives our team access to a deep agent network, new technology and the resources to grow. It positions us to build on the foundation we’ve established in cross-border trucking and expand into new lines with the full support of a broader specialty insurance organisation.”
Copyright © 2026 FinTech Global
