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View More Press Releases by NFP Corp.

Press release:

NFP Acquires AutoGroup Services

Issued by: NFP Corp.

Date: June 25, 2015

P&C group continues expansion with specialized agency

NEW YORK – June 25, 2015 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has acquired AutoGroup Services (AGS). The transaction closed on May 1, 2015.

Founded in 2000, AGS is based in Fort Worth, TX and consults with auto dealerships to help maximize the profitability of their finance and insurance departments. The firm tailors dealership programs with products such as extended warranties and gap insurance, and provides reinsurance services for the auto dealer groups. Managing Partners Lyle King and Brian LoBaugh, as well as President Tim Weymouth, will each assume the role of Senior Vice President at NFP Property & Casualty, where they will report to Terrence Scali, Chief Executive Officer, NFP Property & Casualty.

Scali commented, “NFP is committed to providing comprehensive insurance services to meet our clients’ diverse needs, and AGS’ specialized set of insurance solutions enables us to more completely serve our auto dealership clients in particular. We are pleased to welcome the AGS team to the NFP family.”

Also commenting on today’s news, King said, “Joining NFP allows us to expand the potential reach of our services, while broadening the range of solutions we can bring to our current client base.”

About NFP
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We are a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions. Our registered investment adviser and broker-dealer empowers independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.

NFP has more than 3,300 employees and global capabilities. Our expansive reach gives us access to the most highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We have 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 by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 11th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management.

For more information, visit www.nfp.com.

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View More Press Releases by NFP Corp.


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