NEW YORK – March 19, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has acquired BSC Group Services, LLC (BSC). The transaction closed on February 1, 2018.
Based in Westfield, New Jersey, BSC specializes in the design and implementation of personalized group benefits solutions. Principals of the firm, David Stearns and David Wright, will join NFP as directors, reporting to Kate Henry, regional managing director of corporate benefits, Northeast region.
"BSC is a welcome addition to the NFP family," said Bill Austin, president of the Northeast region. "The firm draws on 40 years of experience in the financial and insurance industry, with a concentration on professionals, executives, high net worth and corporate clients in the Tri-State area. This acquisition will further expand NFP’s group benefits offerings in the Northeast and allow us to deliver superior capabilities to a key group of clients."
"David, the entire BSC team and I are excited to join NFP," said Stearns. "Founded on the principle of providing clients with the best solutions and services, BSC is aligned with NFP’s culture of innovation and creativity in putting forth competitive benefits packages. We expect to deepen current relationships with our clients in the Tri-State area and offer new services to broaden NFP’s portfolio."
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 4,200 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 4th largest U.S.-based privately owned broker, the 5th largest benefits broker by global revenue and the 5th best place to work in insurance by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal, the 10th largest employee benefits broker by Employee Benefit Adviser, the 11th largest global insurance broker by Best’s Review and the 12th largest broker of U.S. business by Business Insurance.
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