NFP has acquired certain assets of Signature Personal Insurance (SPI), a Greater Kansas City-based independent agency specializing in high-net-worth personal lines, as the broker continues to build out its private client capabilities across the US.
Financial terms of the deal were not disclosed.
Founded in 2004 by Roper DeGarmo, SPI provides tailored insurance solutions to wealthy individuals and families with complex personal risk profiles, covering luxury homes, fine art and rare automobiles. The agency has built its business around direct client engagement and long-standing carrier relationships, supported by a proprietary advisory model designed for high-net-worth clients.
DeGarmo will join NFP as vice president, reporting to Mary Mullen, senior vice president of personal risk in NFP's Central Region, ensuring continuity of service for existing clients as the business moves on to NFP's platform.
Brett Woodward, president of personal risk at NFP, said the acquisition would strengthen the firm's integrated offering for wealthy individuals and families.
"We're thrilled to welcome Roper and SPI's capabilities to our private client group. Their high-net-worth personal property and casualty insurance tools will strengthen our ability to deliver integrated risk management solutions to individuals and families while also expanding our presence in the Kansas City market," said Woodward.
Meanwhile, DeGarmo said the move opened new opportunities on both sides of the relationship. "Joining NFP opens new opportunities for our team and clients. By combining our regional resources with NFP's diversified risk solutions, expanded capabilities and talent, we will deliver even greater value to high-net-worth individuals and their families across the Midwest."
The acquisition reflects sustained appetite among large brokers for high-net-worth personal lines, a segment that has attracted significant attention as insurers and brokers look beyond commoditized personal lines into more complex, higher-margin client relationships. Specialist carriers, including Chubb, AIG Private Client Group and Pure Insurance have long competed for this business, and intermediaries have been investing in dedicated private client practice to match.
NFP, which was acquired by Aon in April 2024 in a transaction valued at about $13 billion, operates one of the larger private client groups in the US market, offering integrated personal risk management across property, liability and specialty lines for affluent individuals. The SPI deal extends that footprint into Kansas City, a market where the firm previously had limited personal lines presence.
The high-net-worth personal lines segment has faced underwriting pressure in recent years, particularly in catastrophe-exposed states, as carriers have re-evaluated their appetite for high-value residential property. Several major insurers withdrew from or restricted capacity in states including California and Florida, prompting wealthy homeowners to seek specialist coverage through surplus lines markets.
That dynamic has reinforced the value of specialist brokers with strong carrier access and the technical expertise to place complex personal risks.
