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 Vanorsdale Insurance Services, Inc. (Vanorsdale). The transaction closed on Dec. 11, 2015.
Founded in 1947, Vanorsdale is a San Diego, CA-based P&C insurance agency that specializes in providing commercial and personal P&C coverage and employee benefits to the San Diego and Los Angeles communities. The firm’s president, Doug Galloway, has been with the company for over 20 years. Galloway will assume the role of Director of NFP Property & Casualty reporting to Paul Saich, California Regional President at NFP Property & Casualty. The newly acquired operation will remain in San Diego under the direction of Saich and NFP Property & Casualty.
Terrence Scali, Chief Executive Officer of NFP Property & Casualty, commented, “The Vanorsdale acquisition presents NFP with an exceptional opportunity to expand our commercial and personal insurance services to the Southern California region, while creating the potential for future expansion for other NFP capabilities. We are pleased to welcome the Vanorsdale team to the NFP family.”
“We look forward to enhancing the insurance solutions we offer our clients and extending our reach in Southern California by leveraging the expansive resources and scale of NFP. We are excited to join NFP,” said Galloway.
About NFP
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.
