NFP Canada has announced that a number of its Canadian insurance brokerages will be adopting the NFP business name, where permitted by law.
This decision affects several brokerages that have been acquired by the insurance broker, including Capital Benefit Financial Group, Corporate Benefits Analysts Insurance Agency, Consortia Group, PBL Insurance Limited, Dalton Timmis Insurance Group, Mass Insurance Brokers Limited, McLean Hallmark Insurance Group, Elective Benefits Services, and Indemnis Trade Risk Management Limited.
Read more: NFP acquires Indemnis Trade Risk Management
A release said that the decision marks the broker’s latest effort in a series of “strategic initiatives” it has pushed across North America. This integration of employees, resources, and operations under the NFP name puts the company in a better position to respond to changing marketplace, technology and insurance needs, a release said. The change also drives NFP’s strategy to unite and expand its Canadian presence.
“We are thrilled to come together under the NFP brand and unify our operations in Canada,” commented NFP Canada president Greg Padovani. “The integration of these well-established firms creates a platform for NFP that has the size, scale, and capabilities to provide a full range of insurance solutions to Canadian corporations and individuals that differentiates us in the dynamic P&C, group benefits, group retirement, private client, and personal and commercial insurance markets.”
“The ongoing integration of our acquisitions is a powerful step in presenting a united front to the marketplace while highlighting our commitment to the Canadian market,” said NFP chairman and CEO Doug Hammond.
Hammond added that since NFP entered the Canadian market in 2008, the broker has grown to 750 employees – with more to come.
“I couldn’t be more excited about what we’ve achieved and the potential for more in the years ahead,” the CEO remarked.
