NFP buys Arizona-based agency

NFP Corp. has acquired Koty-Leavitt Insurance Agency Inc., NFP said in a statement Tuesday.

Terms of the transaction, which closed Nov. 1, 2019, were not disclosed.

Tucson, Arizona-based Koty-Leavitt, which has about 65 employees, specializes in offering insurance to medical device distributors.

Lloyd Koty, a former co-owner of the firm, will join NFP as senior vice president, reporting to Ed Kurowski, NFP West region managing director, the statement said.

“This step expands our presence in a key region and our portfolio of specialty capabilities, specifically in the medical device distribution space,” Mr. Kurowski said in the statement.

NFP Corp. ranked 13th based on 2018 brokerage revenue generated by U.S clients in the most recent Business Insurance listing