NFP Acquires Benefit Retirement Consulting Brokerage in Canada
- April 18, 2018
NFP Acquires Corporate Benefit Analysts Insurance Agency, Inc.
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 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."