NFP Acquires EverGuard Insurance Services, Inc.
Acquisition diversifies NFP's revenue base to include an underwriting class focused on RBT (restaurant, bar and tavern) industry
NEW YORK – November 13, 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 EverGuard Insurance Services, Inc. The transaction closed effective October 1, 2017.
Based in Seattle, Washington, EverGuard is a specialty Program Administrator (PA) focused on providing commercial P&C products to restaurants, bars and taverns. The company operates an exclusive national program that utilizes a distribution channel of over 500 retail brokers and provides commercial insurance solutions to end clients across 35 states. Principals of the firm Tom Gillingham and John Mahoney will join NFP as managing directors of its P&C division and will report to Executive Vice President and CEO of NFP P&C, Terry Scali.
"We're thrilled to welcome Tom, John and the entire EverGuard staff to the NFP team," said Scali. "The acquisition of EverGuard further expands and diversifies NFP P&C's capabilities, as well as adds two talented program managers with extensive specialty experience to the NFP P&C team."
Tom Gillingham said, "We are thrilled to bring our underwriting capabilities to NFP's growing specialty business, where we'll be able to continue serving our existing brokers and provide NFP's clients and brokers extensive offerings for the hospitality industry."
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.
For more information, visit NFP.com.
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