National Financial Partners Corp. Announces Acquisition of Lapre Scali & Company Insurance Services, LLC

National Financial Partners Corp. announced that it has acquired Lapre Scali & Company Insurance Services, LLC (Lapre Scali). Effective July 1, 2011, Terrence M. Scali, chief executive officer, Lapre Scali, became chief executive officer, NFP Property and Casualty Services, Inc. (NFP P&C), and executive vice president, NFP. NFP will continue to operate its property and casualty business as part of the Corporate Client Group, under the NFP P&C brand. Mr. Scali reports directly to Douglas W. Hammond, chief operating officer, NFP. With annualized revenue of approximately $21 million, Lapre Scali is a property and casualty insurance brokerage headquartered in Scottsdale, AZ and licensed throughout the U.S. Financial terms of the transaction were not disclosed.