NEW YORK, Jan. 28, 2021 /PRNewswire-PRWeb/ -- NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced the acquisition of the P&C brokerage client accounts of A.D. Martin Commercial Insurance Services (A.D. Martin). The transaction closed on December 31, 2020.
A.D. Martin, founded in 1990 and located in Mullica Hill, New Jersey, is a commercial P&C insurance broker with complementary personal lines P&C capabilities. The acquisition represents an opportunity for growth in the Northeast region while enhancing NFP's connections to the New Jersey market. Firm principal Andrew Martin will join NFP as a vice president and report to Scott Stegall, senior vice president.
"We're thrilled to welcome an experienced producer like Andy to the NFP family," said Mike Walsh, Northeast managing director in NFP's P&C division. "Andy's deep knowledge of the New Jersey market and relationships across the region will be a great addition to our team as we expand our presence and deliver more value to clients."
"NFP's focus on driving sustainable growth and providing clients with specialized expertise, while supporting a great culture, aligns well with our values," said Martin. "I'm excited to join the team and introduce my clients to the breadth of solutions and resources NFP has to offer."
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best's Review).
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