Novacore has agreed to acquire CP Insurance Associates, a Texas-based agency specializing in lender-placed insurance and coverage for financial institutions, marking its second acquisition since launching last year.
The deal will expand Novacore's presence in the financial institutions and lending sector, with CPIA to be integrated into the company's portfolio of specialty solutions.
Novacore is a Pennsylvania-based specialty insurance provider with over $1.3 billion in premium and more than 20,000 agent partners nationwide. The company manages a portfolio of more than 15 niche insurance programs across property and casualty, accident and health, and reinsurance lines.
CEO Aaron Miller (pictured above) said the CPIA deal represents a strategic move into the financial institutions market.
"CPIA brings nearly five decades of experience, strong operational infrastructure and a technology-driven approach to insurance tracking and lender-placed solutions," Miller said.
The CPIA transaction follows Novacore's acquisition of Minglewood Risk in October 2025, an MGA specializing in habitational and real estate coverages.
According to the company, strategic acquisitions are central to its growth thesis. Novacore has stated it partners with established specialty insurance programs, niche MGAs and promising startups through acquisitions and lift-outs, combining scale, carrier relationships and resources to drive growth.
Founded in 1977, CPIA is headquartered in Huntsville, Texas and employs between 51 and 200 staff, according to LinkedIn. The agency holds licenses in 49 states and operates a proprietary insurance tracking platform called AlisX.
CPIA serves banks, mortgage servicers, credit unions, hard money lenders and credit companies, providing collateral protection insurance, escrow services and compliance support.
Martin Rhodes, chairman and CEO of CPIA, said the acquisition will allow the agency to scale its platform and continue investing in technology.
"Partnering with Novacore allows us to scale our platform, invest further in innovation and continue delivering the high level of service our clients expect," Rhodes said.
