Florida’s City National Bank Partnering With NSI to Offer Insurance Products

Miami-based City National Bank of Florida, known as Florida’s second-largest bank, has stepped into the property insurance market, offering coverage options at loan closings through a partnership with NSI Insurance Group.

“Insurance is a critical part of every loan we close, yet it has become a growing obstacle for companies and residents in Florida,” City National CEO Jorge Gonzalez said in a statement. “By offering insurance services through a partnership with NSI, we’re addressing this challenge head-on, offering clients tailored solutions that align with their unique needs and protect their assets.”

City National, with some $28 billion in assets, said the partnership is a “holistic” model, giving homeowners and other customers the ability to compare policies and quotes from multiple insurance carriers. The bank has begun offering property insurance and plans to expand into liability coverage and specialized insurance for private wealth clients.

NSI, also based in Miami, is one of the largest privately owned insurance brokerages and risk management firms. It is part of Union Risk Advisors.

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