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.

I am grateful for my time with NFP the relationships I formed and the success we enjoyed together

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."