NFP Acquires Aquesta Insurance Services, Inc.
Acquisition reinforces P&C capabilities and expands NFP’s footprint in the Southeast region
NEW YORK – July 2, 2018 – 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 Aquesta Insurance Services, Inc. The transaction closed on June 30, 2018.
Headquartered in North Carolina, Aquesta Insurance Services is a P&C broker with several locations across the Carolinas. The company offers insurance expertise to small and medium-sized commercial P&C clients, as well as coastal exposures and personal insurance. Aquesta Insurance President, Ken McGee, will join NFP as a director, reporting to Alan Wise, managing director in the P&C division at NFP.
"We’re excited to have Aquesta join our NFP family," said Christi Byron, regional president of the Southeast region. "This strategic acquisition strengthens NFP’s commercial & personal lines client service model and expands our coastal risk expertise. It further underscores our growth agenda and diversifies our offerings to align with evolving client and prospect needs."
"Joining NFP will enable us to provide a wider range of resources and expanded services to clients in the region," said McGee. "This will allow all of our clients the ability to continue to work with their existing team while connecting our talent and capabilities to the broad network of resources at NFP."
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 4,200 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, the 5th largest benefits broker by global revenue and the 5th best place to work in insurance by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal, the 10th largest employee benefits broker by Employee Benefit Adviser, the 11th largest global insurance broker by Best's Review and the 12th largest broker of U.S. business by Business Insurance.
For more information, visit NFP.com.
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