NFP Acquires KGS Insurance Services
Strategic acquisition expands NFP's benefits capabilities and growing presence in Northeast
NEW YORK – November 21, 2017 – 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 KGS Insurance Services.
The acquisition expands NFP's benefits offerings in the Northeast, with a particularly robust presence in the Connecticut marketplace. KGS' clients will benefit tremendously from NFP's national resources and wide-ranging insurance expertise. The KGS acquisition comes on the heels of the Serra & DelVecchio agency acquisition in 2016 – designed to bolster benefits solutions for small to mid-size employers in the Connecticut area. Kelly Smith, a seasoned industry veteran and owner of KGS, will serve as a Vice President in NFP's Middletown, Connecticut location offering services through NFP's Corporate Services division. She will report to Justin DelVecchio, Managing Director, NFP.
The addition of KGS reinforces NFP's commitment to building out a range of benefits options for the company's existing client base and prospective clients, including group benefits, as well as individual solutions such as life insurance and long-term care in the Northeast.
"We are thrilled to welcome Kelly Smith to the NFP family," said DelVecchio. "Kelly's extensive knowledge in the corporate benefits space, paired with more than two decades of experience delivering stellar service to her clients, are a natural fit for NFP."
"I am excited to join the wonderful and growing NFP family," said Smith. "I have long admired how NFP does business – with a strong emphasis on personalized commitment to both its clients and employees. KGS clients will benefit in a variety of ways – through an expanded portfolio of products and capabilities, increased levels of service and the same unwavering commitment to customer relations. I look forward to helping to serve NFP's clients and prospective clients for many years to come."
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 3,800 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 and the 5th largest benefits broker by global revenue by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue by Insurance Journal, 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.
Peppercomm for NFP