NFP Acquires Brokerage Expert in Senior Healthcare
- July 26, 2018
NFP Acquires Commerce Insurance Group, LLC
Acquisition strengthens NFP's P&C service lines in the Central region
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 Commerce Insurance Group, LLC. The transaction closed effective June 1, 2018.
Located in the Evansville area of Indiana, Commerce Insurance Group is an insurance broker that offers P&C capabilities to both commercial and personal clients in the Midwest. Their expertise in the senior living industry, including nursing homes and assisted living facilities, will expand NFP's P&C resources and offerings in the Central region, specifically in southern Indiana. Principal of the firm, Bob Fitzsimmons, will become a vice president in NFP's P&C division, reporting to John Dillion, managing director in NFP's P&C division.
"We're thrilled to have the Commerce Insurance Group join our NFP family," said Dillion. "This deal adds significant depth to our current P&C offerings in the senior living industry and fulfills a growing marketplace need in the insurance space. Our entire network of customers and prospects will benefit from these expanded service offerings."
"The Commerce team couldn't be happier to join the NFP family," said Fitzsimmons. "We look forward to giving our clients and prospects added resources around their P&C and senior living risk needs, while providing employees with the continued support and expanded opportunities to thrive in their careers.