NEW YORK – October 6, 2020 – NFP, a leading insurance broker and consultant providing employee benefits, property and casualty (P&C), retirement, and individual solutions, today announced the acquisition of Managed Care Consultants LLC (MCC) in a transaction that closed on August 4, 2020.
MCC is an employee benefits broker located in Devon, Pennsylvania, that focuses on group and individual benefits consulting. The firm’s capabilities include HR consulting, benefits administration and strategic planning. The expertise and relationships of the firm’s principal, Evans Pancoast, will expand NFP’s presence in the greater Philadelphia market while enhancing NFP’s employee benefits capabilities. Pancoast will join NFP’s Mid-Atlantic region as a vice president and report to Ethan Foxman, president of the region.
“We’re excited to continue growing our benefits capabilities in the Mid-Atlantic region,” said Foxman. “Evans knows the Philadelphia market well, and has relationships across the region. He will be a great addition to our team as we expand our presence and deliver more expertise and solutions to employers.”
“I’m excited to join NFP, an organization focused on driving sustainable growth, serving clients with expertise and ideas, and supporting a fantastic culture,” said Pancoast. “I look forward to accessing NFP’s breadth of resources, contributing to our collective success, and delivering exceptional value to our clients.”
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 5,700 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, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).