US insurance broker expands with Canadian acquisition

US insurance broker expands with Canadian acquisition | Insurance Business

US insurance broker expands with Canadian acquisition

NFP, a US-based insurance broker and consultant, has acquired Corporate Benefit Analysts Insurance Agency (CBA) in Kitchener, Waterloo.

CBA offers benefits, defined contribution, and defined benefit retirement consulting services to companies across Canada.

As part of the deal CBA principal Dean Howard will join NFP’s Canada division as managing director of group benefits and retirement. He will report to NFP Canada president Marty Shaw. In addition, CBA’s senior management team – composed of Rob Crofts, Mike Werbowecki, Alecia Henderson and Katherine Rapp – will continue to report to Howard in their current roles.

“We’re excited to welcome Dean, an accomplished industry leader, and his team to the NFP family,” commented 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.

Howard commented that the deal allows his team to “tap into NFP’s deep roots and expertise in the area.”

“Our clients will benefit from enhanced services and capabilities,” he added.

 

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