Insurance broker and employee benefit consultant NFP has acquired the Montreal, QC-based Ogilvy Insurance.
With offices in Toronto and Oakville, ON, Ogilvy Insurance is a multidisciplinary insurance broker that provides commercial and personal lines P&C insurance, as well as group benefits and pensions, and life insurance and investments.
A release said that the acquisition of Ogilvy Insurance expands NFP's capabilities – primarily through Oglivy’s travel and performance watercraft insurance offerings, as well as specialty coverages for the moving and roofing industries. The transaction also puts NFP in charge of one of the largest moving and storage programs in Canada.
Following the transaction, Ogilvy Insurance’s David Ogilvy will join NFP as a senior vice president. He will report to NFP managing director Domenic Tesone.
"We're thrilled to welcome David and his colleagues to the team," said NFP Canada president Greg Padovani. "He's a talented program manager with extensive experience, great relationships and a deep understanding of the unique needs of the Quebec market.”
"Ogilvy Insurance is a well-respected P&C practice and the expertise they bring will complement our existing offerings in Canada," added NFP Canada chief operating officer John Belyea. "There's an opportunity to scale our presence in Quebec to create a consolidated full-service offering that provides clients with employee benefits, commercial lines and personal lines P&C solutions through one collaborative organization."
"I'm happy to be joining NFP and have the opportunity to contribute to their continued growth in Canada," commented Oglivy, who also noted that NFP had established an “impressive presence” in Ontario.
“With the needs of businesses and individuals becoming increasingly diverse and complex, being part of a community with specialized expertise and resources will make a meaningful and lasting difference for the people we have the opportunity to serve,” Oglivy stated.
