Saturday, June 3, 2023
HomeInsuranceNFP snaps up Minneapolis agency

NFP snaps up Minneapolis agency

NFP snaps up Minneapolis agency | Insurance coverage Enterprise America

Newcomers focus on “bold targets”

NFP snaps up Minneapolis firm

Life & Well being

Ryan Smith

Property-casualty dealer NFP has introduced that it has acquired Minneapolis-based Diversified Brokerage Companies (DBS). The acquisition closed April 10.

The deal expands NFP’s life insurance coverage enterprise with capabilities that help bigger monetary establishments, the corporate stated. As a part of the transaction, DBS president and CEO George “Chip” Van Dusen IV and COO Tori Van Dusen-Roos will be a part of NFP. They’ll report back to Mike James, government vice chairman and chief gross sales officer at NFP.

“I’m very excited to welcome Chip, Tori and their workforce to NFP,” James stated. “They’re business leaders in supporting monetary advisors by way of enterprise relationships with massive monetary establishments and will likely be invaluable companions for our advisors and producers. With DBS on board, we’ll present an enhanced, differentiated providing throughout our current retail and wholesale life insurance coverage companies. I stay up for DBS’s contributions to our development, tradition, and help of present and future shoppers.”

DBS is without doubt one of the largest life insurance coverage brokerage normal businesses within the nation. The corporate helps monetary advisors throughout the US by way of enterprise relationships with massive monetary establishments. It additionally helps particular person relationships below a wholesale mannequin, NFP stated.

“We’re thrilled to hitch NFP, a company with vital scale within the life insurance coverage house that shares our give attention to development, individuals and group,” Van Dusen and Van Dusen-Roos stated in an announcement. “We’ve very bold targets for development, and with their dedication and assets, NFP is the perfect accomplice to assist us obtain it. It’s thrilling to see so many alternatives to collaborate and ship further worth and experience to our present distribution companions, in addition to these with whom we construct relationships.”

DBS is the most recent acquisition for NFP. Final month, the corporate acquired Illinois-based David A. Marcus & Associates. The corporate additionally not too long ago appointed Michael MacCrory as senior vice chairman of its power and marine apply.

Have one thing to say about this story? Tell us within the feedback beneath.

Associated Tales



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments