NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement, and individual insurance and wealth management solutions, has acquired Insurance Management Associates (IMA).
Founded in 1962, IMA is a Voorhees, NJ-based commercial P&C insurance broker offering specialty expertise in the real estate, construction, retail, manufacturer and wholesaler industries. The firm’s principals, Scott Stegall and Lisa Levin Stegall, will each assume the role of Vice President of NFP Property & Casualty and will report to Terrence Scali, Chief Executive Officer, NFP Property & Casualty. NFP Property & Casualty’s current Mount Laurel, NJ location will merge with the Voorhees office, and the combined operation will provide additional resources for NFP’s existing benefits firms in the Greater Philadelphia region.
Scali commented, “We continually aim to strengthen NFP’s P&C expertise. The acquisition of IMA enhances our commercial line capabilities, particularly in designing solutions for clients with complex risk profiles. We are pleased to welcome the IMA team to the NFP family.”
Commenting in a joint statement, Lisa and Scott Stegall said, “Becoming part of NFP marks an important next step for our firm. Gaining access to NFP’s expansive resources and scale within the industry enables us to better serve our existing clients while opening new opportunities. We are excited to join NFP.”
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 3,600 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 10th 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.
