NFP Acquires Capital Benefit Financial Group Inc.
Acquisition expands NFP's group benefits solutions in Canada
NEW YORK – February 5, 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 Capital Benefit Financial Group Inc. (Capital Benefits). The transaction closed on December 14, 2017.
Based in Ottawa, Ontario, Capital Benefits specializes in group benefits and retirement consulting for individuals and businesses in and around Ontario. Principals of the firm, Marc Lajoie and Leo Grace, will join NFP as managing director and director of Eastern Ontario, respectively, reporting to Marty Shaw, President of NFP in Canada.
"We're happy to welcome the Capital Benefits team to the NFP family," said Shaw. "The team brings strategic insight on employee engagement with respect to benefits and retirement needs in Ontario, which enables NFP to strengthen its current capabilities and expand its presence in Canada."
"We are excited to join NFP," said Lajoie. "Building on NFP's robust set of group benefits and retirement offerings, we expect to deepen current relationships and offer new services to broaden NFP's portfolio across Canada."
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 and the 5th largest benefits broker by global revenue by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue by Insurance Journal, 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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