NFP Acquires California-Based Property and Casualty Provider, Wright Insurance Agency
Acquisition expands NFP’s commercial property and casualty capabilities and complements existing expertise in the wine and agricultural verticals
NEW YORK – March 4, 2019 – NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual private client solutions, today announced that it has acquired Wright Insurance Agency, Inc. The transaction closed effective Dec. 1, 2018.
Wright Insurance Agency is a property and casualty brokerage that specializes in farm, agricultural, winery and commercial lines. This acquisition enhances NFP’s expertise and resources in the wine industry and diversifies its P&C offerings. Former principal Eric Wright will join NFP as vice president of NFP’s P&C business.
"Eric and the team are a wonderful addition to the NFP family," said John Hohman, president of NFP’s West region. "This acquisition will strengthen our capabilities in Northern California and augment our relationships within the agricultural and wine industries. In business since 1919, Wright Insurance Agency’s unwavering focus on putting the client’s best interest first remains constant, matching our approach for developing one-to-one solutions for clients across all verticals."
"We take pride in our long-standing heritage in California," said Wright. "We are excited to apply our coverage expertise, specialty capabilities and personalized solutions to serve the broader NFP client base and look forward to bringing the power of a national company to our existing clients and community."
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual private client solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client's goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
NFP has more than 4,700 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 named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest US-based privately owned broker, the 5th best place to work in insurance and the 6th largest benefits broker by global revenue by Business Insurance; the 9th largest property and 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 broker of US business by Business Insurance; and the 12th largest global insurance broker by Best's Review.
For more information, visit NFP.com.