NFP, an insurance broker and consultant engaged in employee benefits, property & casualty (P&C), retirement and individual private client solutions, has acquired Commerce Insurance Group.
Commerce Insurance acquired by NFP. Photo: courtesy of rawpixel on Unsplash.
The transaction closed effective June 1, 2018.
Located in the Evansville area of Indiana, Commerce Insurance Group is an insurance broker that offers P&C capabilities to both commercial and personal clients in the Midwest.
Their expertise in the senior living industry, including nursing homes and assisted living facilities, will expand NFP’s P&C resources and offerings in the Central region, specifically in southern Indiana. Principal of the firm, Bob Fitzsimmons, will become a vice president in NFP’s P&C division, reporting to John Dillion, managing director in NFP’s P&C division.
Dillion said: “We’re thrilled to have the Commerce Insurance Group join our NFP family.
“This deal adds significant depth to our current P&C offerings in the senior living industry and fulfills a growing marketplace need in the insurance space. Our entire network of customers and prospects will benefit from these expanded service offerings.”
Fitzsimmons said: “The Commerce team couldn’t be happier to join the NFP family.
“We look forward to giving our clients and prospects added resources around their P&C and senior living risk needs, while providing employees with the continued support and expanded opportunities to thrive in their careers.”
Source: Company Press Release