Novarica and Aite Group Merge to form Aite-Novarica Group

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Boston-based research and advisory firm Novarica announced on July 21 that it had merged with analyst firm Aite Group, also based in Boston, to form the new entity Aite-Novarica Group (Boston).

Matthew Josefowicz, President and CEO, Novarica.

Matthew Josefowicz, CEO of Novarica, told Insurance Innovation Reporter that the merger came after being approached by Kurt Reisenberg of Pamlico Capital (Charlotte) to build a information services advisory firm focused on financial services. Reisenberg had previously approached Aite Group. Reisenberg has been named CEO of

“We weren’t looking for

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