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 13th largest broker of American companies, according to Business Insurance 's latest ranking.