MDP-owned NFP acquires P&C insurance brokerage Mass
NFP Corp has acquired Mass Insurance Brokers Ltd and Easyway Insurance Brokers Inc (Mass), together a Markham, Ontario-based property and casualty (P&C) insurance brokerage. Terms weren't released for the deal, which closed in December. Mass President and CEO Greg Dunn will join NFP as a managing director overseeing personal lines and small commercial lines. NFP, a New York-based insurance broker and consulting business, said the acquisition expands its P&C offerings across Canada. Established in 1998, NFP was acquired in 2013 by U.S. private equity firm Madison Dearborn Partners (MDP) for about US$1.3 billion. The company's other backers include HPS Investment Partners.
19 February 2019•3 mins read
