NFP Acquires Associated Agency Group

Business Wire

Acquisition expands NFP property & casualty offerings and growing presence in Pacific Northwest region

NEW YORK--(BUSINESS WIRE)-- NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced today it has acquired Associated Agency Group, LLC (AAG). The transaction closed on March 10, 2017.

AAG is a full-service P&C insurance broker headquartered in Kennewick, Washington, with six additional locations across the state. The firm offers expertise in personal and commercial P&C insurance. Lonnie Butcher, CEO of the firm, will join NFP as a strategic consultant, and Shannon Hill, Operations Director, will become Director of NFP P&C. Both will report to Ed Kurowski, Regional President of NFP’s Mountain States region.

“We are delighted to welcome AAG to the growing NFP family. AAG’s personal commitment to client service and wide-ranging expertise in personal and commercial insurance aligns well with our company culture and desire to expand our Northwest presence,” said Terry Scali CEO, NFP P&C.

Shannon Hill commented, “Our company is overjoyed not only to partner with one of the most sophisticated insurance brokers in the country, but also to work with other NFP offices in the Northwest territory to provide market resources and expertise to our clients.”

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 3,400 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 2nd fastest-growing US large-group employee benefits broker by Employee Benefit Adviser. In addition, Business Insurance ranked us 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. PlanSponsor ranked 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.

For more information, visit NFP.com.