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NFP acquires medical stop loss company, group company



NFP Corp. said on Tuesday that it has acquired a South Carolina-based medical stop-loss company and its self-financed group company operations.

The terms of the transaction were not disclosed.

NFP said in a statement that it was acquired from Spartanburg, South Carolina-based East Coast Underwriters LLC and Blue Ridge Captive Solutions PCC Inc. are improving their medical stop loss and self-funded group captive operations.

Blue Ridge Captive Solutions, a captive program signed by the East Coast Underwriters, enables groups to pool their risks, the NFP said in a statement.

Aaron Wilkie, President of both East Coast Underwriters and Blue Ridge Captive Solutions, will join the NF P as CEO and work closely with the broker's medical stop loss unit, including Excess Reinsurance and its Corporate Benefits Team.

The New York-based NFP is the 1

3th largest broker of American companies, according to Business Insurance 's latest ranking.


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