NFP Acquires TC Insurance Services
Acquisition diversifies NFP’s specialty in commercial transportation and expands South Central footprint
NEW YORK – December 19, 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 TC Insurance Services. The transaction closed effective November 1, 2017.
Based just outside Las Vegas, Nevada, TC Insurance Services is a P&C broker that provides commercial transportation insurance for small to mid-sized trucking and towing fleets in Texas, Nevada and the surrounding states. Principal Frank Maglalang will join as a vice president in NFP’s P&C division and report directly to Ed Kurowski, Regional President, NFP's P&C division, Mountain States region.
"We’re thrilled to welcome TC Insurance Services to the NFP family and bring aboard an experienced product expert in Frank," said Kurowski. "The addition of the TC Insurance Services team allows NFP to diversify its revenue base in the commercial transportation space, an area that has long been attractive to NFP, and gain relationships in the South Central region."
"We are very excited to join the NFP network, filling a need in their offerings and earning a place on their product shelf of robust P&C services," said Maglalang. "We look forward to expanding our specialty offerings in commercial transportation to strengthen current client relationships and forge new rapports in the market."
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.
Peppercomm for NFP