NFP snags MGA, captive program

NFP snags MGA, captive program | Insurance Business America

NFP snags MGA, captive program

Insurance broker NFP has announced that it has acquired South Carolina-based East Coast Underwriters and Blue Ridge Captive Solutions. The acquisition enhances NFP’s medical stop-loss and self-funded group captive business and its scale and underwriting talent, the 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 and head of health and benefits at 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.”

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East Coast Underwriters is a managing general agent that provides medical stop-loss to mid-sized self-insured employers through a distribution network of third-party administrators, benefits brokers and general agents. Blue Ridge Captive Solutions is a captive program underwritten by East Coast Underwriters. It allows groups of all sizes to pool their risk to deliver a more controlled, predictable and stabilized environment for self-funded plans.

“We’re thrilled to join NFP and have the opportunity to work with their exceptional team,” Wilkie said. “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.”