NFP, a property and casualty broker, has announced its acquisition of multidisciplinary insurance broker SDN Insurance Agency’s assets from Financial Institutions, Inc., which is the parent company of Five Star Bank.
Following the acquisition, SDN President Bill Gallagher will join NFP and will report to NFP Northeast region co-president Mike Walsh.
Walsh expressed his excitement regarding the acquisition as it will expand the firm’s presence within the Buffalo market and strengthen its position in Rochester.
“In addition to SDN's consultative approach and expertise, which complement our property and casualty insurance and benefits consulting offerings, we're looking forward to working with a team that has a rich history and outstanding reputation in the Western New York market,” said Walsh.
With NFP focused on helping clients through their challenges, Gallagher said that the acquisition will be a great opportunity for SDN’s team and will benefit its clients.
“With exceptional relationships across the region and access to NFP resources that will enhance our ability to meet the dynamic needs of our clients, we are well positioned to be a meaningful contributor to NFP's growth in the Northeast. We're also proud to be joining an organization that shares our values and commitment to doing business with integrity,” said Gallagher.
Apart from being a property and casualty broker, NFP is also a benefits consultant, wealth manager, and retirement plan advisor. It provides solutions which enable client success with its 8,000 global colleagues, investments, and partnerships with insurers, vendors, and financial institutions.
SDN Insurance Agency is a full-service insurer which provides personal, business, and financial services products. It provides commercial lines P&C, employee benefits, surety, and personal risk solutions. It has been serving the Buffalo community since 1923.
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