NFP Acquires Baker Insurance Agency of Hagerstown, Inc.
Acquisition expands NFP's P&C offerings throughout the Mid-Atlantic region
NEW YORK – April 9, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has acquired Baker Insurance Agency of Hagerstown, MD., Inc. (BIA). The transaction closed effective March 5, 2018.
Based in Hagerstown, Maryland, BIA specializes in a wide range of P&C capabilities with a focus on personal lines. Principal of the firm, Lori Gardenhour, will join NFP as a producer, reporting to Denny Mears, a managing director in NFP's P&C division.
"We are excited to welcome Lori and the BIA team to the NFP family," said Mears. "Drawing on BIA's 75 years of experience serving the individualized needs of the local market, this acquisition will further expand NFP's P&C offerings into the Mid-Atlantic region. The firm's dedication to providing high-quality insurance products reinforces NFP's practice of advocating with carriers to champion customers' best interests."
"Founded as a local, family-owned business, the BIA team and I are excited to join the greater NFP team," said Gardenhour. "BIA has always prided itself on delivering tailored products and superior customer service, aligning with NFP's commitment to putting forth competitive P&C coverage. Not only will this acquisition help strengthen our current relationships, it will enable us to establish new connections in the Maryland and greater Mid-Atlantic region."
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 4,200 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 4th largest U.S.-based privately owned broker, the 5th largest benefits broker by global revenue and the 5th best place to work in insurance by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal, the 10th largest employee benefits broker by Employee Benefit Adviser, the 11th largest global insurance broker by Best's Review and the 12th largest broker of U.S. business by Business Insurance.
For more information, visit NFP.com.
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