NFP Acquires Arizona Insurance Firm McCullough Insurance Agency
Acquisition further expands NFP's presence in key Southwest market
NEW YORK – May 8, 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 McCullough Insurance Agency, Inc. The transaction closed effective April 1, 2017.
Based in Flagstaff, Arizona, McCullough Insurance, a family-owned P&C agency established in 1919, offers expertise in various lines of coverage to clients throughout the Southwest region. Former owners Mark and Tim McCullough joined NFP P&C as Directors, and co-owner Randy Evans became a Treasurer in NFP P&C's Southwest region. Mark and Tim McCullough now report to Ed Kurowski, Regional President of NFP's Mountain States region, while Randy Evans reports to Dennis Via, Regional Chief Financial Officer of NFP P&C.
"We're thrilled to welcome the McCullough Agency to the NFP family," Terry Scali, CEO of NFP P&C, said. "With more than 90 years of experience serving generations of families in Flagstaff and the broader Southwest region, McCullough embodies values that are consistent with NFP's business philosophy: integrity, respect, personalized service and professionalism."
Mark McCullough said, "We're excited to join NFP's national P&C platform and expand its offering in the Southwest market. We are also eager to leverage NFP's vast expertise in the benefits area to provide more robust offerings to our customers."
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 U.S.-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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