NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual services, acquired the assets of Insurance Provider Group LLC (IPG). The transaction closed on October 6, 2021.
Connecticut-based IPG is a property/casualty insurance broker that provides commercial brokerage services primarily to small and medium-sized businesses. In acquiring IPG, NFP adds scale as it expands its property/casualty presence in its Northeast region, particularly in Connecticut.
IPG will complement NFP’s existing expertise and capabilities in commercial risk management, personal lines property/casualty and employee benefits. IPG also serves the nonprofit sector, which will allow NFP to deliver enhanced property/casualty resources to more nonprofit organizations.
IPG’s leadership team members Augusto Russell, Pat Walsh and Kristin Guglielmo will join NFP and collaborate with leaders across the Northeast region to bring additional value to clients.
Source: NFP
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