Canadian Underwriter

Dalton Timmis acquired by NFP

December 18, 2017   by Staff

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mergersDalton Timmis Insurance Group (DTG) has been acquired by U.S.-based NFP, an insurance brokerage and consultancy offering employee benefits, P&C insurance and retirement solutions.

Headquartered in Ancaster, Ont., DTG specializes in commercial trucking and transportation, as well as personal lines insurance. It has three other offices in Ontario—Burlington, Mississauga and Midland—in addition to locations in Calgary and Edmonton.

Related: Montreal-based brokerages Fort and ABZ announce merger

DTG principals Brian Timmis, Domenic Tesone and Greg Padovani will join the executive leadership team of NFP Canada and report to NFP Canada president Marty Shaw.

“We’re excited to welcome the entire DTG team to the NFP family,” NFP chairman and CEO Doug Hammond said in a media release. “We’re committed to the Canadian market and have total confidence that DTG’s leadership team and employees will be outstanding partners to help us drive our Canadian expansion strategy alongside Marty and his team.”

Dan Avon—a CITB Peer-to-Peer award winner and one of our Top 10 Under 40—will join NFP as a vice-president, along with fellow Dalton Timmis senior leadership team members Tara Carruthers and Josh Pauls.

“The DTG transaction opens a new chapter for NFP, creating a premier P&C platform in Canada, and expands our P&C services in two of Canada’s largest provinces, providing significant resources to NFP’s footprint in the region,” Shaw said. “The result is a full-service broker, complementing our world-class benefits and pension portfolio across Canada. We’re especially excited about the possibility of increased synergies between our benefits and P&C offerings.”

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This story was originally published by Canadian Insurance Top Broker.