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NFP swoops for 2 companies

NFP swoops for 2 companies | Insurance coverage Enterprise America

Offers newest in a string of buys

NFP swoops for two businesses

Mergers & Acquisitions


Nationwide property-casualty dealer NFP has introduced that it has accomplished the acquisition of the worker advantages options enterprise of FinTrust Insurance coverage and Advantages (Fintrust) and has purchased medical insurance coverage specialist brokerage Presidio Monetary Companies Company (Presidio).

Presidio is headquartered in Westlake Village, California, and serves physicians, medical doctors, healthcare amenities, and healthcare professionals. The brokerage was based in 2002.

Its roster of protection choices embody healthcare skilled legal responsibility, errors and ommissions, works’ compensation, cyber legal responsibility, employment practices legal responsibility, enterprise workplace protection, and umbrella protection.

“I’m thrilled to hitch NFP and start contributing to the success of a rising, people-first group,” stated Presidio founder and CEO Gisela Plazas, who will be a part of NFP. “It is a nice alternative for me to combine my medical malpractice information throughout the group and introduce extra options to our shoppers.”

The Presidio deal was hailed as a “nice strategic transfer” for rising NFP’s western presence by NFP West area president Mike Schneider.

Fintrust, a subsidiary of United Group Banks, operates in Orlando and provides a complete vary of economic merchandise and enterprise providers to employer teams and people throughout Florida.

As a part of the acquisition, Cindi Johnston, previously vp of worker advantages at FinTrust, has joined NFP’s Florida Group Advantages division, reporting to Sarah Wollschleger, NFP’s South Florida advantages market chief.

“Buying the advantages enterprise of FinTrust aligns with our concentrate on constructing NFP’s presence all through Florida and enhancing our skill to serve the wants of employers and their workers,” stated Invoice Austin, managing director at NFP in South Florida. “By means of natural progress and strategic acquisitions, we stay up for persevering with our momentum.”

Based in 1973, FinTrust focuses on providing insurance coverage, worker advantages, and company retirement plans. The acquired worker advantages options enterprise is thought for its product-neutral method, delivering custom-made plans and packages that improve shoppers’ enterprise operations, help retention efforts, and simplify the complexities of advantages administration.

“We’re thrilled to hitch NFP, a world, people-first group, and assist them speed up their progress in Florida,” Johnston stated. “Our focus has at all times been on fixing worker advantages complexities for shoppers, which aligns nicely with NFP’s objective and philosophy. Becoming a member of NFP additionally permits us to entry NFP’s built-in options and experience, which can convey extra worth to shoppers.”

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