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NFP Broadens its Specialty Transportation Offering with Acquisition of Quantum Risk Solutions, LLC

Deal brings specialized US MGA/MGU commercial risk management capabilities to the auto transporters, towing/collateral recovery, nonemergency EMT and specialty haulers
 

September 7, 2022

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NEW YORK – September 7, 2022 – NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced it has acquired Quantum Risk Solutions, LLC (Quantum), expanding its managing general agent/managing general underwriter (MGA/MGU) division. Quantum president George Karlis will join NFP and report to Tom Gillingham, managing director, MGA/MGU Programs. The transaction closed on July 15.

“I’m thrilled to welcome George and the Quantum Risk Solutions team to NFP,” said Gillingham. “Acquiring Quantum aligns with our strategy to expand our MGA/MGU platform and brings sophisticated commercial transportation underwriting capabilities to a space where NFP has a growing retail presence. NFP also gains an experienced underwriting leader in the transportation segment in George Karlis, whose expertise raises the bar for our business.”

Quantum is an MGU and wholesaler that provides various risk solutions to the transportation industry with a focus on auto transporters, towing/collateral recovery, nonemergency EMT and specialty haulers. Quantum’s veteran staff provides industry-leading knowledge, access to a wide range of coverages from A-rated carriers, and a technological advantage by using telematics to monitor and collect data from individual vehicles and fleets.

"I am very excited to join NFP, work with Tom and the team, and complement NFP’s existing capabilities in the transportation sector,” said Karlis. “Joining the NFP family creates a variety of opportunities for our partners, clients and employees who can all benefit from NFP’s scale and resources.”

About NFP

NFP is a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor that provides solutions enabling client success through the expertise of over 6,900 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 9th best place to work for large employers in insurance, 7th largest privately-owned broker, 5th largest benefits broker by global revenue and 13th largest broker of US business (all rankings according to Business Insurance).