NFP acquires Signature Personal Insurance assets

NFP, an Aon company, has purchased definite assets of Signature Personal Insurance (SPI), an autarkic bureau successful Greater Kansas City, US, focused connected high-net-worth idiosyncratic lines clients.

SPI, founded successful 2004 by Roper DeGarmo, provides security screen for affluent individuals and families with analyzable hazard profiles, encompassing luxury properties, good creation and uncommon vehicles.

The bureau operates done bearer partnerships and its proprietary nonrecreational advisor security assets model.

DeGarmo volition articulation NFP arsenic vice-president nether Mary Mullen, elder vice-president of idiosyncratic hazard successful NFP's cardinal region.

DeGarmo said: “By combining our determination resources with NFP's diversified hazard solutions, expanded capabilities and talent, we volition present adjacent greater worth to high-net-worth individuals and their families crossed the Midwest.”

The woody strengthens NFP's backstage lawsuit capabilities successful the Midwest, adding high-net-worth expertise and technology-enabled idiosyncratic hazard absorption services to its Kansas City operation.

NFP idiosyncratic hazard president Brett Woodward added: “Their high-net-worth idiosyncratic spot and casualty security tools volition fortify our quality to present integrated hazard absorption solutions to individuals and families portion besides expanding our beingness successful the Kansas City market.”

NFP has besides made different acquisitions successful caller months.

In April, it acquired Sherman Insurance Agency successful southbound St. Paul, Minnesota, US, whose operations absorption connected trucking, commercial, idiosyncratic and worker benefits cover.

NFP said that the transaction accrued its footprint successful the precocious Midwest and expanded its enactment successful proscription and logistics insurance.

Also successful April, NFP bought Hamilton Group successful a woody aimed astatine strengthening its spot and casualty beingness crossed the US north-east.

In its latest fiscal results, Aon, NFP’s genitor company, reported first-quarter (Q1) nett income attributable to shareholders of $1.2bn, up 26% from $965m successful the prior-year period.

Diluted net per stock accrued by 27% to $5.63 from $4.43 successful the aforesaid play past year, portion Q1 gross roseate by 6% twelvemonth connected twelvemonth to $5bn.

"NFP acquires Signature Personal Insurance assets" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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