Insurance broker and consulting firm NFP has expanded its medical stop-loss and self-funded group captive business with the acquisitions of East Coast Underwriters and Blue Ridge Captive Solutions PCC.
As a provider of specialised property and casualty, corporate benefits and individual solutions, the acquisitions will consolidate NFP’s scale and underwriting capabilities in providing tailored solutions to self-insured employer groups.
East Coast Underwriters is a managing general agent that administers medical stop-loss to mid-sized self-insured employers through a distribution network of third-party administrators, benefits brokers and general agents.
Blue Ridge Captive Solutions is a captive programme underwritten by East Coast Underwriters that enables groups to pool their risk regardless of size.
Aaron Wilkie, president of both East Coast Underwriters and Blue Ridge Captive Solutions, will join NFP as managing director. In this new role, he will work closely with NFP’s medical stop-loss unit, including the excess reinsurance and corporate benefits teams.
Commenting on the acquisitions, Kim Bell, executive vice president, head of health and benefits at NFP, says: “I am excited to welcome Aaron and the East Coast Underwriters team to NFP. Their focus on delivering the service and expertise clients need, as well as their strong relationships and sound underwriting practices, will help our clients navigate an increasingly challenging healthcare benefits landscape and enable them to gain more control over the associated costs.”
Wilkie adds: “We are thrilled to join NFP and have the opportunity to work with their exceptional team. Our complementary capabilities will benefit clients and, as we integrate with the NFP team, we will also gain access to a variety of new resources and growth opportunities.”
