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, announces the change of its legal name from National Financial Partners Corp. to NFP Corp. The new name aligns with recent organizational changes that combined the company’s core capabilities into two complementary business segments:
- Insurance Brokerage & Consulting (IBC) – A leading insurance broker providing corporate benefits, retirement, P&C and individual insurance solutions
- Advisor Services – A leading independent broker-dealer and registered investment adviser serving independent financial advisors
Moving from three business segments (Corporate Client Group, Individual Client Group and Advisor Services Group) to two is reflective of NFP today — operationally streamlined and delivering clients a broader and more integrated set of solutions.
Douglas W. Hammond, Chairman and Chief Executive Officer of NFP, further explained the motivation behind both transitions at the 2015 NFP Strategy Summit in Orlando, FL, this week.
“Our new name is a direct result of our emerging prominence as a company commonly known as NFP. The new corporate structure is consistent with our evolution to a more coordinated service model that underscores our strong personal commitment to each of our clients. These changes will further clarify to our employees, clients and prospects who we are, what we offer and how our diverse offerings combine to form a single, powerful suite of resources.”
In 2014, NFP completed 22 acquisitions and rebranded 55 previously acquired companies under the NFP name. The recent initiatives support NFP’s ongoing expansion plans and its coordination of resources to strengthen its integrated platform.
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.