NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New Jersey. Terms of the transaction were not disclosed.
Founded in 1962, IMA is a commercial property/casualty insurance broker offering specialty expertise in the real estate, construction, retail, manufacturer and wholesaler industries. The firm’s principals, Scott Stegall and Lisa Levin Stegall, will each assume the role of vice president of NFP Property & Casualty and will report to Terrence Scali, chief executive officer, NFP Property & Casualty.
NFP Property & Casualty’s current Mount Laurel, New Jersey, location will merge with the Voorhees office, and the combined operation will provide additional resources for NFP’s existing benefits firms in the Greater Philadelphia region.
NFP said the IMA transaction enhances NFP Property & Casualty’s commercial line capabilities, particularly in designing services for clients with complex risk profiles.
Topics Mergers & Acquisitions Property Property Casualty New Jersey Casualty
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