NFP Acquires ShawHankins, Inc., Georgia-Based Group Benefits Brokerage
Acquisition diversifies NFP’s benefits offerings and adds scale in the Greater Atlanta area
NEW YORK – May 20, 2019 – NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual solutions, today announced that it has acquired ShawHankins, Inc. The transaction closed effective April 1, 2019.
ShawHankins is a group benefits brokerage, based in Marietta, Georgia, with an extensive regional footprint and long history of developing meaningful connections with clients. The firm specializes in providing consultative services across employee benefits, medical coverage, and wellness programs to both private and public sector entities including city and county governments and school systems. This acquisition expands NFP’s presence in the greater Atlanta region, which has been an area of focus for NFP’s continued development. ShawHankins President and CEO Scott Hankins will join NFP as a director in the Southeast region, reporting to Christi Byron, president of the Southeast region.
"It is exciting to welcome ShawHankins to NFP and further diversify the capabilities within our benefits business," said Byron. "Scott and his team bring public sector expertise, a commitment to delivering high touch, personalized service, and a focus on using advanced technology to deepen client relationships. We look forward to working with them to enhance the solutions we create for clients."
"We are thrilled to join the NFP family and be part of a collaborative environment where everyone, including our clients, benefits from the exchange of ideas, strategies, and best practices," said Hankins. "I couldn’t imagine a better opportunity to learn, share, and contribute within a successful benefits team positioned for significant growth."
NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,100 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest US-based privately owned broker, 6th largest benefits broker by global revenue and 7th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).
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