NEW YORK – June 2, 2016 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has acquired Benefits Solutions Plus Inc. (BSP). The transaction closed on March 1, 2016.
Based in Anoka, MN, BSP is a benefits brokerage that specializes in providing group health plans and ancillary products for small- to mid-size employers. BSP principal Allan Glad has three decades of insurance and benefits industry experience. He will assume the role of Senior Benefits Consultant at NFP, reporting to James Sarych, Director at NFP.
Michael Schneider, Managing Director of NFP in the Midwest region, commented, 'As we continue to grow the NFP footprint in the Midwest, we are proactively seeking partners who can expand our scope of services. BSP will help enhance our benefits capabilities and diversify our client base. We are pleased to welcome BSP to the NFP family.'
'NFP is well known for its expansive resources and offerings for clients, and we look forward to leveraging the team to expand our business and bolster our product offerings,' said Glad. 'We are excited to join NFP.'
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 insurance and wealth management 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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