NFP acquires Detroit-area broker

NFP Corp. said Tuesday it has acquired Colburn Risk Holdings LLC.

Terms of the deal, which closed Dec. 31, 2020, were not disclosed.

Colburn, with offices in Bloomfield Hills and Detroit, Michigan, provides commercial insurance for complex commercial real estate risks, mergers and acquisitions, and private client/high net worth personal lines.

David Colburn and Robert Colburn, principals of the firm, will join NFP as managing directors and report to Dan Cornwell, a managing director in NFP’s central region based in Michigan.

Mike Schneider, president of NFP’s central region, said the deal “will expand our footprint in the Detroit area.”

NFP is the 13th-largest broker of U.S. business, according to Business Insurance’s latest ranking.