NFP Acquires Western Risk Insurance Agency, Inc.

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Acquisition expands NFP’s Southwest presence and adds infrastructure to growing Las Vegas operation

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NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has acquired Western Risk Insurance Agency, Inc. The transaction closed effective February 1, 2018.

Western Risk is a P&C insurance broker located in Las Vegas that primarily serves clients in Nevada and Arizona. It offers expertise in commercial habitational risk as well as generalist P&C capabilities. Carrol Noonan, founder of Western Risk, will be retiring while Principal Francie Stocking will join NFP’s Southwest region as a senior vice president. Stocking will be reporting to Ed Kurowski, the regional president of P&C in the Southwest.

“Western Risk is a great addition to NFP’s expanding presence in the Southwest,” said Kurowski. “We’re pleased to welcome Francie, a leader and innovator in the industry, and her experienced team to our NFP family. This move solidifies our P&C offerings and adds commercial habitational risk capabilities to our growing product portfolio.”

“We’re excited to join NFP and drive robust growth for the company’s Southwest region,” said Stocking. “The deal connects us with NFP’s local offices, as well as others in the region, enabling us to continue to provide P&C services to our existing clients and prospects. We couldn’t be happier to join the NFP team.”

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 private client solutions through our licensed subsidiaries and affiliates.

NFP has more than 4,000 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 the 4th largest U.S.-based privately owned broker, the 5th largest benefits broker by global revenue and the 5th best place to work in insurance by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal, the 10th largest employee benefits broker by Employee Benefit Adviser, the 11th largest global insurance broker by Best’s Review and the 12th largest broker of U.S. business by Business Insurance.

For more information, visit NFP.com.

CONTACT
Peppercomm for NFP
nfp@peppercomm.com
212-931-6171

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Yue Jiang
Peppercomm
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