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 Pieper-Ramsdell Agency, Inc. (PRA). The transaction closed on Dec. 1, 2015.
Based in St. Helens, OR, PRA specializes in P&C insurance solutions for businesses and individuals. The firm has established a particular focus on the commercial trucking industry. PRA’s principals, Ron Schlumpberger and Joseph Schultz, will assume the roles of Vice Presidents at NFP Property & Casualty, reporting to Ed Kurowski, Senior Vice President at NFP Property & Casualty.
“We continue to actively enhance our service offerings and expand our national reach. NFP sees tremendous opportunity within the Northwest region and views PRA as a key partner in achieving new growth,” Terrence Scali, Chief Executive Officer, NFP Property & Casualty, commented. “We are pleased to welcome PRA to the NFP family.”
“NFP is making a real impact in the P&C industry as they continue to grow their national footprint, solutions and support services. As we considered the resources and support needed for the next stages of our firm’s growth, we knew joining NFP was the right decision,” Schlumpberger and Schultz said.
About NFP
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We’re a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions through our licensed subsidiaries and affiliates. Our registered investment advisers and broker-dealers empower 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 highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We’ve 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.
