NEW YORK – November 14, 2016 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions, today announced that The Meltzer Group, an NFP company, has acquired The Coury Group, Inc. (The Coury Group). The transaction closed on August 5, 2016.
Based in Reston, VA, The Coury Group is an employee benefits firm that specializes in serving government contractors. The company takes a consultative approach to employee benefit plans and implementation, focusing on large groups. Joseph Jude ("JJ") Coury and Terra Coury Bechara, principals of The Coury Group, will continue to operate the company as they have in the past, but they now have the additional national resources of NFP as well as the regional resources from The Meltzer Group to serve their clients.
"We’re thrilled to welcome The Coury Group to our growing family," said Ethan Foxman, The Meltzer Group’s Chief Operating Officer. "Talent is at the core of our success, and this acquisition brings aboard like-minded people who fit our culture, adding to our great team in the benefits division. The new addition represents an opportunity to further expand our footprint in the northern Virginia marketplace."
JJ Coury said, "The Meltzer Group has a wealth of resources and strong capabilities in the benefits area. We’re excited to be able to tap into the broad offerings of both NFP and The Meltzer Group to continue serving our clients with comprehensive benefits as well as retirement and property and casualty products."
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client’s goals. We’re a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 3,400 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients’ needs. We’ve become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked the 2nd fastest-growing US large-group employee benefits brokers by Employee Benefit Adviser. In addition, Business Insurance ranked us as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. PlanSponsor ranked us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal.
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