NFP Acquires Serra & DelVecchio
Acquisition expands property & casualty presence in Northeast
NEW YORK – January 9, 2017 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, has acquired Serra & DelVecchio, LLC. The transaction closed on September 8, 2016.
Serra & DelVecchio offers a suite of P&C and benefits insurance products and services and specializes in designing comprehensive solutions for midsized businesses and individuals. The firm has offices in Shelton and Middletown, CT. Serra principal Justin DelVecchio will assume the role of Managing Director at NFP Property & Casualty, reporting to Michael Walsh, Managing Director at NFP Property & Casualty in the New England region. Frederick Serra will assume the role of Managing Director at NFP Property & Casualty, reporting to DelVecchio.
Commenting on today's news, Walsh said, "NFP remains committed to expanding our geographical footprint and P&C service offerings across the country, and the addition of Serra & DelVecchio broadens our P&C capabilities in the Northeast. We're pleased to welcome Serra & DelVecchio to the NFP family."
"NFP is a leader in the P&C industry, with its extensive expertise and client-facing resources, and we see great value in aligning with their team to further strengthen our client services," said Serra and DelVecchio in a joint statement. "We're excited to join NFP for the next stage of our firm's future."
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 private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 3,400 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 the 2nd fastest-growing US large-group employee benefits brokers by Employee Benefit Adviser. In addition, Business Insurance ranked us 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. PlanSponsor ranked 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.
For more information, visit NFP.com.
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