NEW YORK – November 7, 2016 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, has acquired Malpractice Insurance Agency, LLC (MIA). The transaction closed on Sept. 15, 2016.
Located in Laguna Beach, CA, MIA is an independent P&C broker specializing in providing medical malpractice insurance products to individual physicians, service groups and clinics across the country.
Commenting on today’s news, David Wood, Managing Director in the medical malpractice insurance division at NFP, said, "The acquisition of MIA is consistent with our strategy to diversify our revenue base and expand the national footprint of the P&C business. We look forward to growing our medical malpractice offerings and are pleased to welcome MIA to the NFP family."
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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