NFP swoops for N.J. firm

NFP swoops for N.J. firm | Insurance Business America

Insurance News

NFP swoops for N.J. firm

Deal bolsters broker’s Northeast region

Insurance News

By
Steven Byerley

Property-casualty broker NFP has announced the acquisition of New Jersey-based Hafetz & Associates (Hafetz).

Hafetz operates as a general agent, specializing in delivering health benefits, products, and services to both businesses and individuals. The acquisition was completed on June 16.

Following the acquisition, Scott Hafetz, the president and CEO of Hafetz, will join NFP and report to Kate Henry, co-president of NFP’s Northeast region.

“We’re very excited to welcome Scott and his entire team to NFP,” Henry said. “Adding Hafetz is a great strategic move as it helps us expand our health benefits capabilities, expertise and relationships in the Northeast and will add tremendous value to our clients.”

Hafetz provides a range of employee health products and services, including employee benefits, Medicare, worksite disability, life, and other group and individual health insurance solutions.

“We’re thrilled to join NFP and begin contributing to the success of a people-first organization with an exceptional health benefits team,” said Scott Hafetz. “This is a great opportunity to integrate across an organization with countless areas of expertise, enhance the services and solutions we provide, and explore ways to bring additional value to clients.”

The deal is the latest in a string of acquisitions for NFP. In June, the company announced that it had acquired the employee benefits solutions business of FinTrust Insurance and Benefits and medical insurance specialist brokerage Presidio Financial Services Corporation. NFP also recently acquired Minneapolis-based Diversified Brokerage Services.

Have something to say about this story? Let us know in the comments below.