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NFP buys Poulos Insurance, Altus Specialty Group to boost P&C business in New England

IBR Staff Writer Published 15 August 2014

NFP, a provider of benefits, property and casualty and life insurance and wealth management services, has acquired Poulos Insurance and Altus Specialty Group.

The acquisition is part of a strategy to strengthen its property and casualty business in New England. The two firms offer unique specialties to NFP's comprehensive property and casualty offerings.

NFP chairman and CEO Douglas Hammond said: "Poulos and ASG have a combined New England presence which expands NFP's national standing and continued dedication to growing our property and casualty insurance practice."

With 19 office locations located throughout Vermont, New Hampshire and Massachusetts, Poulos operates as an independent full-service property and casualty firm. The company offers local businesses and individuals throughout New England with personal and commercial lines coverage.

Headquartered in Boston, ASG delivers services in commercial lines, employee benefits and private client risk management. The firm boosts NFP's Boston based insurance brokerage services to middle-market business clients.

NFP property and casualty CEO Terrence Scali said: "As we continue to expand our NFP presence nationally, one of NFP's main objectives remains enhancing property and casualty offerings to clients."