NEW YORK — NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced the acquisition of Leavitt Insurance Agency of San Diego, Inc. (LIASD) in a transaction that closed effective May 1, 2020.
LIASD is a P&C and employee benefits broker located in San Diego, CA, that focuses on commercial clients and mid-sized employers in southern California. The acquisition scales NFP’s presence in San Diego, adds middle-market commercial P&C capabilities and employee benefits brokerage expertise, and creates a consolidated, full-service office. Art Morgenstein, a senior vice president who joined NFP in February 2020, leads NFP’s San Diego office. Art’s insurance industry experience spans more than four decades and includes account executive, underwriting and senior leadership roles with several international brokerage firms.
“It’s exciting to welcome the LIASD team to NFP and expand our presence and capabilities in an important area of our region,” said John Hohman. “NFP remains focused on growing in key markets and elevating our ability to help clients emerge stronger from this crisis. The addition of LIASD and Art’s continued leadership enhance our ability to achieve these objectives.”
“I’m looking forward to working with the LIASD team and creating new relationships and opportunities,” said Art Morgenstein. “We continue to increase the depth and breadth of our solutions, and serve as an essential partner in helping clients overcome challenges across their businesses.”