National Financial Partners Corp. (NFP), provider of benefits, insurance and wealth management services, has acquired The Wood Insurance Group Inc. (WIG), a professional liability insurer. WIG will be integrated into the P&C division of NFP to create a national medical malpractice division. The transaction closed Aug. 8, 2013.

"Our new partnership with NFP will provide opportunities for continued growth, allow for professional development of our staff and provide our clients with an even greater level of service and platform of offerings across P&C, corporate and executive benefits, life insurance and wealth management,” said David Wood, who founded WIG in 1986. “The WIG team looks forward to working with NFP to ensure a successful integration."

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