Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019.
Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance broker offering insurance and employee benefit programs to Major League Baseball (MLB) and Minor League Baseball (MiLB) and their affiliates.
The firm plays a risk management role for MLB, including, but not limited to securing high-limit disability insurance for key players, written on behalf of teams, as well as servicing their group health benefit needs.
Team Scotti Founder John A. Scotti will join NFP as a managing director, reporting to Henry Lombardi, executive vice president and head of NFP Property & Casualty.
NFP and its subsidiaries aim to meet the holistic risk management needs of many North American professional sports leagues including the NBA, NFL, NHL, WNBA and the ATP Tour, as well as other professional and amateur sports leagues, teams, organizations, athletes and events. The Team Scotti acquisition adds retail brokerage expertise with respect to MLB and MiLB.
Was this article valuable?
Here are more articles you may enjoy.