NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement, and individual insurance and wealth management solutions, continues the national expansion of its P&C division with the acquisition of Weber’s Insurance Service Inc. and Weber’s Assurance Group LLC (collectively, “WIS”). The transaction was effective Feb. 18, 2015.
Based in Prescott, AZ, WIS is a full-service P&C agency that has provided personal and commercial lines coverage and group health and welfare products and services for 80 years. Owner and President Bill Weber, who has more than 30 years of experience in the industry, is now Managing Director of NFP Property & Casualty, where he will report to Ed Kurowski, Regional President at NFP Property & Casualty.
Terrence Scali, Executive Vice President and Chief Executive Officer, NFP Property & Casualty, commented, “NFP is committed to providing a broader set of insurance services and high-quality products to meet the needs of our clients. WIS’ diverse base of business allows us to strengthen our insurance solutions and support our national expansion of NFP Property & Casualty. We’re pleased to welcome them to the NFP family.”
Also commenting on today’s news, Weber said, “NFP is known for its commitment to outstanding service and its client-centric culture, values that WIS shares. I’m confident our team will strengthen the NFP brand in Arizona and nationally, and amplify NFP's standing as a premier place to turn for property and casualty insurance.”
About NFP
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We are a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions. Our registered investment adviser and broker-dealer empowers independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.
NFP has more than 3,200 employees and global capabilities. Our expansive reach gives us access to the most highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We have become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 11th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management.
For more information, visit www.nfp.com.
