NFP Acquires TC Insurance Services
Acquisition diversifies NFP’s specialty in commercial transportation and expands South Central footprint
NEW YORK — NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced that it has acquired TC Insurance Services. The transaction closed effective November 1, 2017.
Based just outside Las Vegas, Nevada, TC Insurance Services is a P&C broker that provides commercial transportation insurance for small to mid-sized trucking and towing fleets in Texas, Nevada and the surrounding states. Principal Frank Maglalang will join as a vice president in NFP’s P&C division and report directly to Ed Kurowski, Regional President, NFP’s P&C division, Mountain States region.
“We’re thrilled to welcome TC Insurance Services to the NFP family and bring aboard an experienced product expert in Frank,” said Kurowski. “The addition of the TC Insurance Services team allows NFP to diversify its revenue base in the commercial transportation space, an area that has long been attractive to NFP, and gain relationships in the South Central region.”
“We are very excited to join the NFP network, filling a need in their offerings and earning a place on their product shelf of robust P&C services,” said Maglalang. “We look forward to expanding our specialty offerings in commercial transportation to strengthen current client relationships and forge new rapports in the market.”