NFP, a US-based insurance brokerage and consultant firm, has purchased McLean Hallmark Insurance Group to strengthen its presence in Canadian property and casualty market.
Based in Toronto, Ontario McLean Hallmark manages additional offices in Markham and Mississauga.
The acquired entity provides property and casualty (P&C) solutions, high net worth private client insurance, along with employee benefits and pension services.
McLean Hallmark CEO Daryn McLean will join NFP Canada as managing director of commercial insurance.
Additionally, John Belyea, COO of McLean Hallmark will join NFP as senior vice president of integration. Both will report to NFP Canada president Marty Shaw.
Shaw said: “Daryn, John and their team bring decades of experience in commercial business and specialty product offerings that align well with our focus on growth and delivering value to clients. With their help, we will continue to build out NFP’s Canadian P&C platform.”
McLean said: “NFP provides us the opportunity to more broadly serve new and prospective corporate and individual clients.
“We continue to pride ourselves on our integrity, ethical standards, and ability to form strong relationships. NFP’s extensive network and marketplace expertise will allow us to expand our client base while maintaining these grounding principles.”
NFP through its licensed subsidiaries and affiliates offers corporate benefits, property and casualty, retirement, and individual solutions.