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Sunday, April 14, 2024

NFP acquires belongings of SDN Insurance coverage Company




NFP acquires belongings of SDN Insurance coverage Company | Insurance coverage Enterprise America















The deal will broaden its presence in Western New York

NFP acquires assets of SDN Insurance Agency


Insurance coverage Information

By
Abigail Adriatico

NFP, a property and casualty dealer, has introduced its acquisition of multidisciplinary insurance coverage dealer SDN Insurance coverage Company’s belongings from Monetary Establishments, Inc., which is the mum or dad firm of 5 Star Financial institution.

Following the acquisition, SDN President Invoice Gallagher will be a part of NFP and can report back to NFP Northeast area co-president Mike Walsh.

Walsh expressed his pleasure relating to the acquisition as it is going to broaden the agency’s presence throughout the Buffalo market and strengthen its place in Rochester.

“Along with SDN’s consultative strategy and experience, which counterpoint our property and casualty insurance coverage and advantages consulting choices, we’re wanting ahead to working with a group that has a wealthy historical past and excellent repute within the Western New York market,” mentioned Walsh.

With NFP centered on serving to shoppers via their challenges, Gallagher mentioned that the acquisition shall be an excellent alternative for SDN’s group and can profit its shoppers.

“With distinctive relationships throughout the area and entry to NFP assets that may improve our skill to fulfill the dynamic wants of our shoppers, we’re nicely positioned to be a significant contributor to NFP’s progress within the Northeast. We’re additionally proud to be becoming a member of a corporation that shares our values and dedication to doing enterprise with integrity,” mentioned Gallagher.

Other than being a property and casualty dealer, NFP can also be a advantages advisor, wealth supervisor, and retirement plan advisor. It supplies options which allow shopper success with its 8,000 world colleagues, investments, and partnerships with insurers, distributors, and monetary establishments.

SDN Insurance coverage Company is a full-service insurer which supplies private, enterprise, and monetary providers merchandise. It supplies business traces P&C, worker advantages, surety, and private threat options. It has been serving the Buffalo group since 1923.

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