San Jose, Calif.-based Thoits Insurance Service Inc. was acquired by NFP Property & Casualty Insurance Services, a wholly owned subsidiary of National Financial Partners Corp.
Thoits Insurance will become the NFP property/casualty regional office in California, responsible for the management and growth of P/C in the area.
NFP, based in New York, is a provider of benefits, insurance and wealth management services and generated over $1 billion in revenue in 2012. It provides diversified advisory and brokerage services to companies and high net worth individuals.
NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, retirement plans and property/casualty insurance. The Individual Client Group includes retail and wholesale life insurance brokerage and wealth management advisory services. The Advisor Services Group serves independent financial advisors by offering broker-dealer and asset management products and services.
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