NEW YORK – December 1, 2021 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced it has acquired the assets of Insurance Provider Group, LLC (IPG). The transaction closed on October 6, 2021.
Connecticut-based IPG is a P&C insurance broker that provides commercial brokerage services primarily to small to medium sized businesses. In acquiring IPG, NFP adds scale as it expands its P&C presence in its Northeast region, particularly in Connecticut. IPG will complement NFP’s existing expertise and capabilities in commercial risk management, personal lines P&C and employee benefits. IPG also serves the nonprofit sector, which will allow NFP to deliver enhanced P&C resources and solutions to more nonprofit organizations.
IPG’s leadership team members Augusto Russell, Pat Walsh and Kristin Guglielmo will join NFP and collaborate with leaders across the Northeast region to bring additional value to clients.
“We’re excited to welcome IPG to our team,” said Mike Walsh, co-president of NFP’s Northeast region. “Augusto, Pat and Kristin know the Connecticut market well, and IPG has excellent relationships across the region. We will benefit from their expertise and insight as we expand our presence and deliver more value to clients.”
"I’m thrilled to be joining NFP and have the opportunity to work with such a talented team of insurance specialists,” said Russell, a principal at IPG. “We share a focus on serving the needs of clients, supporting a great corporate culture, and building a thriving organization through strategic acquisitions and sustainable, organic growth.”
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 6,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th largest commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).
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