NFP Acquires Hole-in-One

Business Wire

Acquisition adds niche offering to comprehensive portfolio of products and services for clients nationwide

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 Hole-in-One U.S.A. (HIO). The transaction closed on March 7, 2017.

Based in Reno, Nevada, HIO is one of the largest providers of hole-in-one coverage for premier golf events throughout the United States. HIO has exclusive partnerships with various PGA Sections across the country, and is the exclusive national provider of hole-in-one coverage for several leading auto manufacturers. David Nelson, principal of the firm, will join NFP as a director and report to Terry Scali, CEO of NFP’s P&C division.

“We’re thrilled to welcome HIO to the NFP family. As demand for hole-in-one insurance coverage continues to grow, we’ll be able to provide our clients with a niche offering that expands our extensive portfolio of insurance options and fulfills dynamic client and marketplace needs,” said Scali. “This acquisition underscores our commitment to offering clients and prospects a full range of insurance products that will strengthen their businesses and protect them against risks.”

Nelson commented, “We’re excited to join NFP’s expansive national network and are eager to forge strong relationships with its top-tier clientele. We look forward to continuing to serve a range of clients with personalized service and distinction.”

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.