NEW YORK – January 17, 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 City Securities Insurance, LLC. The transaction closed on December 30, 2016.
Based in Indianapolis, City Securities Insurance is a full-service P&C and benefits insurance consultant with a special focus on the commercial P&C needs of its clients. The firm also offers additional expertise in personal lines P&C insurance. John Dillon, president of the firm, will join NFP as a managing director and report to Terry Scali, chief executive officer of NFP’s P&C division.
"City Securities Insurance is one of the oldest insurance providers in the Indiana market. Its longstanding relationship with the local community and dedication to growth aligns nicely with NFP’s desire to expand our footprint in the state and the Midwest region," said Scali. "We’re excited to welcome the respected City Securities Insurance team to the NFP family, and especially pleased to bring on board the leadership of John Dillon, an experienced industry veteran."
Dillon commented, "We’re thrilled to kick off the new year as part of such a great national organization. NFP was a natural fit for City Securities Insurance and our clients. We are committed to continue to deliver premier insurance solutions and service to our clients as part of NFP, one of the very best in the insurance industry."
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.
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