NFP Launches Group Captive Practice With Acquisition of NC-Based Trinity Risk

NFP, an Aon company and property-casualty insurance brokerage, has launched a new captive management practice with the acquisition of Charlotte-based Trinity Risk Advisors.

NFP’s new Group Captive practice will help companies seeking more control over their risks by pooling resources with other businesses, NFP said in a statement. The plan is to help firms evaluate the benefits of a group captive plan and to identify the most appropriate program. The practice will complement NFP’s Risk and Insurance Strategy Collective, a captive consulting and management practice.

Alan Wise, president of Trinity Risk, will lead the new practice and will report to Meg McSherry, managing director of property-casualty for NFP’s Atlantic region, the company said. Wise sold his Trinity Consulting, a risk management and employee benefits firm, to NFP in 2015, before starting Trinity Risk.

NFP has offices in New York, Canada, England and Ireland.