NFP Acquires Commerce Insurance Group, LLC
Acquisition strengthens NFP's P&C service lines in the Central region
NEW YORK – July 23, 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 Commerce Insurance Group, LLC. The transaction closed effective June 1, 2018.
Located in the Evansville area of Indiana, Commerce Insurance Group is an insurance broker that offers P&C capabilities to both commercial and personal clients in the Midwest. Their expertise in the senior living industry, including nursing homes and assisted living facilities, will expand NFP's P&C resources and offerings in the Central region, specifically in southern Indiana. Principal of the firm, Bob Fitzsimmons, will become a vice president in NFP's P&C division, reporting to John Dillion, managing director in NFP's P&C division.
"We're thrilled to have the Commerce Insurance Group join our NFP family," said Dillion. "This deal adds significant depth to our current P&C offerings in the senior living industry and fulfills a growing marketplace need in the insurance space. Our entire network of customers and prospects will benefit from these expanded service offerings."
"The Commerce team couldn't be happier to join the NFP family," said Fitzsimmons. "We look forward to giving our clients and prospects added resources around their P&C and senior living risk needs, while providing employees with the continued support and expanded opportunities to thrive in their careers."
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 4,300 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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