NFP Acquires Benefits Firm Consortia Group
Strategic acquisition expands NFP’s offerings throughout Quebec
NEW YORK — NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, 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.”