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, has acquired Absolute Advantage Insurance Services, LLC (Absolute). The transaction closed on Dec. 4, 2015.
Based in Lake Havasu City, AZ, Absolute is a full-service P&C agency that specializes in commercial and personal line services and employee benefits. Under the leadership of Brian Castle, the firm grew to be one of the largest P&C firms in the area. Absolute will operate from the existing NFP office in Lake Havasu City, and Castle will assume the role of Account Executive at NFP Property & Casualty.
“NFP remains focused on expanding our reach within the P&C industry, and Absolute’s depth of resources and success within the region complements our objectives,” said Terrence Scali, Chief Executive Officer, NFP Property & Casualty. “We are pleased to welcome Absolute to the NFP family.”
Also commenting on today’s news, Castle said, “NFP is well known in the industry for its superior services and client support. Joining their team will allow our firm to achieve new levels of growth.”
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We’re a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions through our licensed subsidiaries and affiliates. Our registered investment advisers and broker-dealers empower independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.
NFP has more than 3,600 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We’ve 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 10th 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.