NFP Acquires McKinley & DiMarco Insurance Services, Increasing Presence and Capabilities in Central Texas
Acquisition brings additional P&C and employee benefits expertise to Austin-based team
NEW YORK – September 8, 2020 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced the acquisition of McKinley & DiMarco Insurance Services Inc. (McKinley & DiMarco), in a transaction that closed on July 17, 2020.
McKinley & DiMarco, an insurance broker focusing on P&C and group benefits insurance offerings, will help NFP expand its offerings within Austin, Texas. The firm will be part of NFP’s central region, and Jason McKinley and Stephen DiMarco, principals of the firm, will join NFP as vice presidents within the P&C division, reporting to Kevin Brown, managing director.
“As we continue to expand in the central region, we’re thrilled to welcome Jason and Stephen, two exceptional producers, to NFP,” said Mike Schneider, president of NFP’s central region. “They bring deep knowledge of the greater Austin market, fantastic relationships in the area and expertise that will enhance NFP’s capabilities. We look forward to their impact on our broad range of solutions and our growth throughout Texas.”
“Our momentum in Austin is strong as we continue to expand our capabilities and add talented people to our team,” said Brown. “Growth is a priority for us and Jason and Stephen will be key contributors to our expansion in Texas and the value we deliver to current and future clients.”
“NFP’s continued focus on expanding its P&C and benefits offerings, while maintaining a standard of excellent service to clients, aligns well with our values,” said McKinley. “As part of NFP, we will add depth and breadth to the value we offer our clients and contribute to the success of an organization that consistently demonstrates a commitment to growth, expertise and people.”
“NFP gives us the opportunity to accelerate our growth with access to an enhanced suite of insurance solutions, as well as resources to continue supporting our clients with the service they deserve,” said DiMarco. “We’re excited to join NFP, learn from our new colleagues and collaborate to meet our clients’ needs.”
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 5,600 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, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).
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