NFP Acquires Corporate Benefit Analysts Insurance Agency, Inc.
Strategic acquisition expands NFP's footprint in Ontario, Canada
NEW YORK – April 16, 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 Corporate Benefit Analysts Insurance Agency (1986) Inc. (CBA). The transaction closed on February 1, 2018.
Based in Kitchener, Canada, CBA provides benefits, defined contribution and defined benefit retirement consulting services to companies across Canada. Principal of the firm, Dean Howard, will join NFP's Canada division as managing director in group benefits and retirement, reporting to Marty Shaw, president of NFP in Canada. Howard's senior management team of Rob Crofts, Mike Werbowecki, Alecia Henderson and Katherine Rapp will continue to report to him in their current roles.
"We're excited to welcome Dean, an accomplished industry leader, and his team to the NFP family," said Shaw. "This acquisition completes our retirement suite of services and further enhances our benefits capabilities as a result of CBA's defined benefit actuarial team and administration platform. We look forward to combining our expertise and offerings to provide a more comprehensive set of services to our customers and prospects."
"We can't wait to connect with NFP's expansive platform in Canada and provide new additions to the offerings for our clients," said Howard. "This deal enables us to tap into NFP's deep roots and expertise in the area. Our clients will benefit from enhanced services and capabilities."
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.
For more information, visit NFP.com.
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