Indianapolis-based employee benefits brokerage firm First Person has been acquired by New York City-based NFP, the fifth-largest benefits broker in the world based on revenue. The financial terms of the deal will not be disclosed.
NFP has hired all 53 First Person employees, who will continue to serve clients under the NFP name.
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions.
First Person Founder and CEO Bryan Brenner said, “We’ve been in discussions with NFP for years, and I’m thrilled the timing is finally right with respect to the state of the market, NFP’s growth and First Person’s trajectory. Joining a worldwide leader with NFP’s reputation creates an immediate opportunity to offer new products, and access global capabilities, insights and solutions for our clients, while maintaining the depth of expertise and relationships First Person clients have come to know.”
Brenner, who launched First Person at age 24, will continue to serve clients as an NFP managing director. Nine-year First Person veteran Mark Minner will serve as NFP senior vice president.
First Person specializes in group benefits with additional capabilities in compensation, compliance, human resources, analytics, well-being, health strategy consulting and employee communications. Add to that NFP’s property and casualty, corporate benefits, retirement and individual solutions, and the team will serve business leaders with integrated solutions all in one place.
First Person customers include Allied Solutions, the City of Westfield, Community Health Network, Emplify and Lessonly.
Mike Schneider, president of NFP’s central region, said, “This is a great day at NFP! We’ve been actively pursuing this acquisition for several years because together we will change the landscape of insurance and benefits in Indiana. There is no other firm that combines the strength of NFP’s national specialty practices with the growth mindset of First Person.”
Read NFP’s media release here.
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review). Visit NFP.com to discover how NFP empowers clients to meet their goals.
About First Person Advisors
Now a subsidiary of NFP, First Person Advisors is an Indianapolis-based benefits, compensation and organizational health advisory firm with decades of experience helping clients navigate the changing workforce. Building partnerships by discovering and understanding each client’s unique challenges, First Person delivers holistic solutions that allow employers to take care of their people and anticipate future needs in a workplace where people can fulfill their potential. Leading by example, First Person has earned “Best Places to Work” recognitions for ten years, and has received accolades for its expertise and workplace culture from the likes of Inc. magazine, national HR and health-benefit professional organizations, and state and local chambers of commerce. For more information, please visit firstpersonadvisors.com.
Media Contact: Jen Schmits Thomas, firstname.lastname@example.org, 317-441-2487
Hey, everybody. Bryan Brenner here.
I’m excited to let you know that First Person is officially a subsidiary of NFP (National Financial Partners). We’ve been a member for 20 years, and we’re excited about this next development.
NFP brings us a whole suite of solutions that we can add to our existing relationships. Our team is excited. We have the opportunity to bring forward things like property and casualty insurance, retirement plans and the like for our great corporate clients.
We look forward to what this means. We’d love to sit down and talk with you. And, thanks so much!