NFP acquires stop loss underwriter and PCC
Insurance broker and consultant NFP has acquired medical stop-loss MGA East Coast Underwriters and the captive program it underwrites, Blue Ridge Captive Solutions PCC.
The acquisition enhances NFP’s medical stop loss and self-funded group captive business and “solidifies NFP’s best-in-class position in providing tailored solutions to self-insured employer groups”, the New York-headquartered company said.
Aaron Wilkie, president of East Coast Underwriters and Blue Ridge Captive Solutions, will join NFP as a managing director.
“I’m excited to welcome Aaron and the East Coast Underwriters team to NFP,” said Kim Bell, executive vice president, head of health and benefits, NFP.
“Their focus on delivering the service and expertise clients need, as well as their strong relationships and sound underwriting practices will help our clients navigate an increasingly challenging healthcare benefits landscape and enable them to gain more control over the associated costs.”
“We’re thrilled to join NFP and have the opportunity to work with their exceptional team,” said Wilkie. “Our complementary capabilities will benefit clients, and as we integrate with the NFP team, we’ll also gain access to a variety of new resources and growth opportunities. This is a great way to start 2022.”