Insurance Business Elite Agency buys Hole-in-One insurer

Firm will add the acquisition’s specialty coverage to its portfolio of products

Insurance Business Elite Agency buys Hole-in-One insurer

Insurance News

By Allie Sanchez

They’re the ones taking on that 2,500-in-1 probability of a hole in one on any given PGA tour, and they’re joining the NFP family.

The New York-based broker said in an announcement that it has acquired Hole-in-One USA (HIO) to add to its employee benefits, property and casualty, retirement, and individual private solutions capabilities.

HIO is based in Nevada and a major provider of hole-in-one coverage for premier golf events across the country. The firm maintains several exclusive arrangements with various PGA sections in the US, and is an exclusive national provider of hole-in-one coverage for several car manufacturers as well.

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Yahoo Finance reported that David Nelson, principal of the firm, was appointed as an NFP director. He will report to Terry Scali, NFP chief executive for property and casualty.

“This acquisition underscores our commitment to offering clients and prospects a full range of insurance products that will strengthen their businesses and protect them against risks,” Scali said in the Yahoo report.

“As demand for hole-in-one insurance coverage continues to grow, we’ll be able to provide our clients with a niche offering that expands our extensive portfolio of insurance options and fulfills dynamic client and marketplace needs.”

NFP was named an Insurance Business Elite Agency last year.

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