NFP Acquires Elective Benefit Services, Inc., Expanding Employee Benefits and Retirement Capabilities in Canada


NEW YORK (PRWEB) January 06, 2020

NFP, a leading insurance broker and consultant providing property and casualty (P&C) solutions, employee benefits, retirement solutions and individual solutions, today announced the acquisition of Elective Benefit Services, Inc. (Advantage of your choice) in a transaction that closed on June 12, 2019.

Choice of service, based on Waterloo, Ontario, specializes in group insurance and retirement planning. The firm has over two decades of experience providing consulting, financial planning and administrative support services to its clients. Their expertise in group insurance and group retirement planning aligns well with NFP’s focus on expanding and diversifying its employee benefits business in Canada. Harold McAdam, President of Elective Benefit, joined NFP in Canada as director, reporting to Dean Howard, Managing Director, Benefits and Retirement for NFP in Canada.

“Harold brings nearly 30 years of experience in the pension and benefits industry, managing specialized group plans for a variety of organizations. We are delighted to welcome Harold and his team of highly respected and high performing producers to NFP, ”said Greg Padovani, president of NFP in Canada.

“NFP continues to invest in employee benefit offerings and demonstrates its commitment to providing best-in-class solutions and services. This fits perfectly with the values ​​and philosophy that we have been putting into practice for decades, ”said McAdam. “We are delighted to be part of NFP, to contribute to the tremendous growth of NFP in Canada, and access resources that allow us to enhance the exceptional group retirement planning and counseling services our clients value. “

About NFP
NFP is a leading insurance broker and consultant providing specialist P&C, benefits, retirement and individual insurance solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of more than 5,600 employees worldwide, investments in innovative technologies and lasting relationships with highly rated insurers, suppliers and financial institutions. NFP is the 5th largest employee benefits broker in terms of global revenue, the 6th largest private broker based in the United States, and the 8th best place to work in insurance (Business insurance); 10th P&C agency (Insurance Journal); and 13th largest insurance broker in the world (Best’s Review).

Visit to find out how NFP helps clients achieve their goals.

Read the full article at


Previous Housing and Allowance Services move to Loxley House from Nottingham City Council in January
Next Increased late filing fees for DOL and IRS employee benefit plan