NFP acquires assets of Buffalo broker
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NFP Corp. said Monday it has acquired the assets of SDN Insurance Agency LLC, the Buffalo, New York-based brokerage unit of Financial Institutions Inc.
Terms of the transaction were not disclosed.
SDN, with 29 employees, places commercial lines property/casualty, employee benefits, surety and personal risk coverages to middle-market clients in the Northeast.
Bill Gallagher, president of SDN, will join NFP and report to Mike Walsh, co-president of NFP’s Northeast region.
Aon PLC said in December it will buy NFP in a deal valued at $13.4 billion.
