Insights

NFP Expands P&C Footprint in Northeast Region with Acquisition of Dignum & Bame Insurance Agency, Inc.
Deal brings depth to its P&C capabilities for school districts and municipalities


NEW YORK – April 6, 2022 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced it has acquired certain assets of Dignum & Bame Insurance Agency, Inc. (D&B). The transaction closed on December 31, 2021.

“I’m excited to welcome the employees of D&B to NFP,” said John Murray, managing director in NFP’s Northeast region. “We’re adding depth to our Northeast operation, enhancing our P&C presence in the area and adding a leader in Bob Dignum who is highly-respected in the municipal sector in New York.”

Founded in 1900, D&B is a third-generation P&C insurance broker based in East Greenbush that specializes in serving school districts and municipalities. This acquisition brings an additional well-established producer to NFP’s New York operations and provides opportunities to introduce additional solutions to D&B’s client base. Robert Dignum, president of D&B, will join NFP as vice president, reporting to Murray.

"We can’t wait to join NFP, work with John and the team, and introduce the vast NFP resources to our clients,” said Dignum. “NFP gives us access to an array of expertise, solutions and services that will benefit our clients and enhance their ability to mitigate risks and achieve better outcomes.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 6,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 7th largest US-based privately owned broker, 9th best place to work in insurance and 13th largest broker of U.S. business (Business Insurance); 10th largest commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).