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NFP To Scoop Up Disability MGU

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National Financial Partners Corp. has agreed to buy the assets of Pro Financial Services Inc., a managing general underwriter that provides high-limit disability insurance for athletes, entertainers and other high-income professionals.

NFP, New York, a company that is using acquisitions to build a national financial services distribution network, says it will pay about $73 million in cash and stock for Pro Financial, Schaumburg, Ill.

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Pro Financial, founded in 1983, generates about $10 million in earnings per year, NFP estimates.

NFP hopes to complete the acquisition by Dec. 31.