NEW YORK – November 5, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty (P&C), retirement and individual private client solutions, today announced that it has acquired a team specializing in nonqualified deferred compensation (NQDC) plans for clients in the energy sector, with additional capabilities in corporate-owned life insurance (COLI), supplemental disability, wealth management and wealth transfer solutions for individual clients. The transaction closed effective Aug. 3, 2018.
Expanding NFP’s presence in Houston, Texas, the team will be led by Chuck Bracht, who joins as vice president of business development for NFP’s Executive Benefits division. Bracht and his team bring decades of consulting experience to the table.
"We are excited to welcome Chuck and his team of benefits specialists on board," said Joe Carpenter, president of Executive Benefits at NFP. "This addition represents our dedication to investing in and further building out our footprint in the greater Houston area."
"We’re thrilled to join the NFP family, establishing a home for our localized and specialized team among a national network," said Bracht. "We look forward to adding our unique expertise on COLI, the energy sector and individual planning to grow and strengthen NFP’s current capabilities and client relationships. In turn, our clients will benefit from NFP’s broad book of resources."
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client’s goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
NFP has more than 4,700 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 named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest US-based privately owned broker, the 5th best place to work in insurance and the 6th largest benefits broker by global revenue by Business Insurance; the 9th largest property and 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 broker of US business by Business Insurance; and the 12th largest global insurance broker by Best’s Review.
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