Property and casualty insurance provider NFP has acquired Beacon Insurance Group.
The transaction closed effective August 1, 2017.
Based in Bluffton, South Carolina, Beacon is a P&C broker providing services to clients throughout South Carolina and eastern Georgia, with a specialty in coastal property insurance. Principals Kenneth Groff, Jr. and Brian Rose, Jr. will join as directors of NFP's P&C division and report directly to Alan Wise, a Managing Director in the Southeast region.
"We're excited to welcome two outstanding leaders in Kenneth and Brian," said Wise.
"They have built an impressive portfolio of offerings in coastal property coverage, with a focus on community associations, including condominiums and homeowner associations. This acquisition will further expand NFP's P&C offerings into South Carolina and Georgia and allow us to deliver superior capabilities to our valued clients."
"We are thrilled to join the NFP family, reinforcing our current specialties with a company that offers robust P&C offerings and national resources," said Groff, Jr. "We look forward to the opportunities ahead to exceed client expectations throughout the Southeast."