NFP Acquires Transit Insurance Services, Inc., Expanding its Property & Casualty Capabilities in Commercial Transportation Services
Acquisition scales NFP’s expertise in specialty trucking coverage
NEW YORK – November 6, 2019 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced that it has acquired Transit Insurance Services, Inc. (Transit Insurance). The transaction closed effective August 1, 2019.
Transit Insurance is a P&C broker, based in Ontario, CA, offering coverage to trucking fleets across the Western US. The firm has more than three decades of experience customizing truck insurance packages that meet the diverse needs of its clients. Their longstanding industry knowledge, exceptional customer service, and relationships in priority markets align with NFP’s focus on growing its commercial transportation insurance services. Transit Insurance General Manager and Producer Cindy Cheatham will join NFP as a vice president.
"Cindy brings more than 35 years of experience developing, implementing, and managing complex commercial truck insurance needs for clients. We are thrilled to welcome someone with her vision and proven success, as well as the full Transit Insurance team, to NFP and the West region,” said Ed Kurowski, NFP West region managing director.
"NFP’s continued focus on expanding its specialty P&C offerings, its commitment to delivering extraordinary service to clients, and building a welcoming culture for employees aligns perfectly with our values,” said Cheatham. "We’re excited to have found a new home for our team with NFP.”
NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,400 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 6th largest US-based privately owned broker, 5th largest benefits broker by global revenue and 7th 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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