NFP Acquires The Thomas Insurance Agency of Benton, Inc.
Acquisition to expand NFP’s property & casualty services in the Southern Midwest
NEW YORK – April 10, 2017 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced today it has acquired The Thomas Insurance Agency of Benton, Inc. The transaction closed effective February 1, 2017.
Based in Benton, AR, Thomas Insurance Agency is a P&C insurance broker that provides commercial and personal insurance. Principals of the firm James Thomas and Paul Childress will continue in their current roles and become directors within NFP's P&C division.
"James and Paul have a superior track record in providing P&C services to their valued clients. We are excited to welcome them to the NFP family, drawing on their years of experience and dedication to building lasting relationships in the previously underserved Southern Midwest market," said Terry Scali, CEO of NFP's P&C division. "The addition of the Thomas Insurance Agency team complements our objective to expand into Arkansas and further strengthens our unparalleled management team."
Paul Childress said, "We are confident that our offerings in the P&C market will amplify through NFP's wide range of client offerings. We look forward to leveraging the national capabilities that will be extended to our longstanding clients."
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 US-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.
Peppercomm for NFP