NEW YORK – September 14, 2017 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has acquired Teifeld & Company Insurance Services, Inc. (Teifeld). The transaction closed on August 11, 2017.
Headquartered in San Jose, California, Teifeld is a full-service P&C insurance broker specializing in construction, property management, technology and nonprofit risks. Principal of the firm Dennis Teifeld will join NFP, continuing to advise current and new clients on their insurance programs as well as consulting for NFP, reporting to Paul Saich, Regional President of NFP’s West region.
"Dennis and his team have an impressive track record of providing quality P&C services to businesses in the construction & property management industries in California," Terry Scali, CEO of NFP’s P&C division, said. "The deal will expand our capabilities and services for clients with construction and property management needs throughout Northern California."
Dennis Teifeld said, "We’re excited to join the NFP network and look forward to building new P&C relationships in the region. We’re thrilled to continue to offer our clients enhanced services and discover new opportunities to help them grow and thrive."
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 3,800 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 4th largest U.S.-based privately owned broker and the 5th largest benefits broker by global revenue by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue by Insurance Journal, the 11th largest global insurance broker by Best’s Review and the 12th largest broker of U.S. business by Business Insurance.
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