NFP acquires California-based P&C broker Santa Maria & Company
US insurance broker and consultant NFP has acquired Santa Maria & Company (SM&C), a property and casualty (P&C broker) based in Walnut Creek, California, for an undisclosed price.
The acquisition is said to help NFP expand its footprint in Northern California.
Santa Maria & Company caters to clients across Northern California. The company offers them P&C capabilities, which include risk management consulting and commercial insurance solutions.
Craig Santa Maria – cofounder of Santa Maria & Company said: “NFP’s focus on growth and dedication to putting people first aligns well with our values.
“With access to NFP’s resources and specialized expertise, we enhance our ability to meet the dynamic needs of our clients.”
Craig Santa Maria will join NFP in the role of a senior vice president. He will report to Doug Turk, who is the regional managing director of NFP’ West region.
Doug Turk said: “We’re excited to welcome the Santa Maria team to the NFP family. This acquisition is another example of NFP’s focus on adding successful leaders, specialized capabilities and deep relationships in the P&C space that elevate the value we deliver to clients.
“We look forward to the contributions Craig and his experienced team will make to NFP’s growth in the Bay Area.”
Through its licensed subsidiaries and affiliates, NFP is engaged in offering employee benefits, property and casualty, individual and retirement solutions. The insurance broker claims to have more than 5,700 employees across the world.