NFP swoops for employee benefits business
NFP swoops for employee benefits business | Insurance Business America
Insurance News
NFP swoops for employee benefits business
Firm offers financial products and business services to both businesses and individuals
Insurance News
By
Steven Byerley
National property-casualty broker NFP has announced that it has completed the acquisition of the employee benefits solutions business of FinTrust Insurance and Benefits. This business, a subsidiary of United Community Banks, operates in Orlando and offers a comprehensive range of financial products and business services to employer groups and individuals across Florida.
As part of the acquisition, Cindi Johnston, formerly vice president of employee benefits at FinTrust, has joined NFP’s Florida Group Benefits division, reporting to Sarah Wollschleger, NFP’s South Florida benefits market leader.
“Acquiring the benefits business of FinTrust aligns with our focus on building NFP’s presence throughout Florida and enhancing our ability to serve the needs of employers and their employees,” said Bill Austin, managing director at NFP in South Florida. “Through organic growth and strategic acquisitions, we look forward to continuing our momentum.”
Founded in 1973, FinTrust specializes in offering insurance, employee benefits, and corporate retirement plans. The acquired employee benefits solutions business is known for its product-neutral approach, delivering customized plans and programs that enhance clients’ business operations, support retention efforts, and simplify the complexities of benefits administration.
“We’re thrilled to join NFP, a global, people-first organization, and help them accelerate their growth in Florida,” Johnston said. “Our focus has always been on solving employee benefits complexities for clients, which aligns well with NFP’s purpose and philosophy. Joining NFP also allows us to access NFP’s integrated solutions and expertise, which will bring additional value to clients.”
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