Business: Insurance

Terry Scali, Executive Vice President of Corporate Strategy and Board Member, Announces Retirement from NFP

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“These decisions are never easy, but I’m proud of what I helped NFP achieve and am excited about what’s next,” said Scali.


NEW YORK (PRWEB)

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced that Terry Scali, executive vice president of corporate strategy and a member of the board of directors, has retired from the company. Scali’s retirement was effective June 5, 2020.

Scali joined NFP in 2011 when NFP acquired his firm, Lapre Scali & Company Insurance Services. He was CEO of NFP Property and Casualty Services, Inc. from 2011 until 2019 and the leader of the team for NFP’s expansion in the P&C space. In 2018, Scali transitioned to a new role where he focused on broader corporate strategy. He continued as a member of the NFP board, deploying his P&C industry expertise to help inform the company’s vision and advise NFP’s P&C M&A activity. Over his tenure at NFP, P&C revenue grew from $50 million to almost $500 million through a combination of strategic acquisitions and organic growth. Scali will continue to consult with NFP’s M&A team on potential acquisitions.

“I want to thank Terry for his contributions to our P&C success,” said Doug Hammond, chairman and CEO of NFP. “He helped lay the groundwork for a business line that continues to drive our overall growth and deliver meaningful value to clients. We wish him all the best in his next chapter.”

“I am grateful for my time with NFP, the relationships I formed and the success we enjoyed together,” said Scali. “These decisions are never easy, but I’m proud of what I helped NFP achieve and am excited about what’s next. I want to thank the entire team for the opportunity to be part of this special organization.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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