NFP buys MGU

NFP, a property and casualty insurance broker, has made the announcement that it has acquired Quantum Risk Solutions. NFP’s managing general agent and managing general underwriter division will grow as a result of the purchase, which will also improve the company’s capabilities in the transportation industry. In accordance with the terms of the acquisition, George Karlis, the president of Quantum, will be joining NFP and will report to Tom Gillingham, the managing director of MGA/MGU programs.

Quantum is a manufacturer’s group purchasing organization (MGU) as well as a wholesaler that specializes in the transportation industry. The company’s primary areas of concentration are auto transporters, towing and collateral recovery, non-emergency EMT, and speciality haulers.

Gillingham stated, “I couldn’t be more excited to have George and the rest of the Quantum Risk Solutions team join NFP.” “The acquisition of Quantum is in line with our aim to develop our MGA/MGU platform, and it will add strong commercial transportation underwriting capabilities to a market in which NFP has a growing retail presence.” George Karlis, an experienced underwriting leader in the transportation market, joins NFP. His skill elevates the bar for our company’s business. NFP also benefits from this addition.

Karlis expressed his enthusiasm about his new position by saying, “I am really happy to join NFP, work with Tom and the team, and augment NFP’s existing skills in the transportation sector.” “By being a member of the NFP family, our partners, customers, and workers will all have access to a wider range of options, which will allow them to make the most of NFP’s scale and resources.”