NFP Acquires Foote's Insurance Agency
Acquisition expands NFP's P&C presence in the Northeast region
NEW YORK – April 4, 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 Foote's Insurance Agency, Inc. The transaction closed on January 31, 2018.
Based in Vergennes, Vermont, Foote's Insurance is a P&C broker specializing in small personal and commercial lines. Douglas Hawley, president of the firm, will become a producer in NFP's P&C division, reporting to Dan Lussier, managing director of P&C at NFP.
"We're excited to welcome the Foote's Insurance team to our NFP family," said Lussier. "The deal will expand our footprint into the Vermont P&C marketplace and assist in building out our service offerings and capabilities in the Northeast."
"We work hard to build trusted relationships with our customers," said Hawley. "Joining the NFP team will help us further strengthen the resources we use to help best serve our customers, both current and prospective."
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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