NFP acquires North Carolina P&C agency

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Mega dealer NFP has introduced the acquisition of North Carolina-based property & casualty dealer, Aquesta Insurance coverage Providers. The transaction closed on June 30.

NFP is an insurance coverage dealer and advisor that gives worker advantages, P&C, retirement and particular person non-public shopper options. It’s acquisition of Aquesta will increase the agency’s P&C capabilities and broaden its presence within the Southeast area.

“We’re excited to have Aquesta be part of our NFP household,” mentioned Christi Byron, regional president of the Southeast area. “This strategic acquisition strengthens NFP’s industrial & private traces shopper service mannequin and expands our coastal threat experience. It additional underscores our development agenda and diversifies our choices to align with evolving shopper and prospect wants.”

Aquesta is headquartered in North Carolina and has a number of areas throughout the Carolinas. It targets small and medium-sized industrial P&C shoppers, in addition to coastal exposures and private insurance coverage. The agency’s president, Ken McGee, will be part of NFP as a director and can report back to Alan Smart, managing director in NFP’s P&C division.

“Becoming a member of NFP will allow us to supply a wider vary of sources and expanded providers to shoppers within the area,” McGee commented. “It will permit all of our shoppers the flexibility to proceed to work with their present crew whereas connecting our expertise and capabilities to the broad community of sources at NFP.”

 

Associated tales:
NFP acquires California company
US insurance coverage dealer reveals Canadian acquisition

 



Supply hyperlink – https://www.insurancebusinessmag.com/us/information/breaking-news/nfp-acquires-north-carolina-pandc-firm-104895.aspx

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