NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual solutions, has acquired Schuster Driscoll LLC, d/b/a The Schuster Group, and its nonprofit membership platform, TANGO Administrative and Management Services LLC (together, TSG). The transaction closed on December 31, 2020.
TSG, located in Farmington, Connecticut, with ancillary sales offices in Rhode Island and Massachusetts, is a multidisciplinary insurance broker and consultant focused on employee benefits. The firm also offers capabilities in retirement advisory services.
NFP’s acquisition of TSG brings expertise in the nonprofit space that will be integrated into NFP’s existing benefits offerings and resources to enhance insurance solutions to nonprofit clients. Firm Principal Rollin Schuster will join NFP as a managing director and report to Kate Henry, a regional managing director in NFP’s Northeast region.
Source: NFP
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
