Insights

NFP Acquires Benefits Firm Consortia Group
Strategic acquisition expands NFP’s offerings throughout Quebec


NEW YORK – May 1, 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 The Consortia Group Inc (Consortia). The transaction closed on December 20, 2017.

Based in Montreal for the past three decades, Consortia specializes in group health and pension as well as wealth management and estate planning for high net worth individuals. The principal of the firm, John Ruggieri, will join NFP in Canada as a Director, reporting to Marty Shaw, President of NFP in Canada.

"We’re proud to welcome John and the Consortia team to the NFP family," said Shaw. "The Consortia deal solidifies our expansion into Quebec and Eastern Canada. With this experienced benefits team, we can further develop our exposure in the Quebec market by providing a more robust set of offerings to our clients and prospects in the region."

"We are excited to be part of the NFP organization," said John Ruggieri. "Joining NFP in Canada will allow Consortia to provide a wider range of resources to our employees, which in turn will provide more comprehensive solutions and enhanced personalized services for our clients."

About 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 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.

CONTACT
Peppercomm for NFP
nfp@peppercomm.com
212-931-6171