NFP purchases Chicago brokerage

NFP Corp. said Monday it has acquired Chicago-based brokerage TF Holdings LLC, which does business as Thompson Flanagan.

Thompson Flanagan’s more than 60 employees including its leadership team will join NFP, the New York-based brokerage said in a statement.

Thompson Flanagan advises law firms and private equity firms and their portfolio companies and helps them evaluate specialized property/casualty and benefits coverage.

The acquisition, which closed Aug. 1, adds significant scale to NFP’s growing property/casualty presence in the Central region and locally in Chicago, NFP said.

NFP is the 13th-largest broker of U.S. business, according to Business Insurance’s latest ranking.

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