NFP Launches Group Captive Practice With Trinity Risk Deal

NFP, an Aon company, has launched a property and casualty group captive practice following its acquisition of Trinity Risk Advisors LLC, a Charlotte, North Carolina–based captive insurance brokerage firm.

Alan Wise, president of Trinity Risk Advisors, will lead the new practice as managing director and report to Meg McSherry, managing director and head of property and casualty in NFP's Atlantic region. Mr. Wise previously sold Trinity Consulting, a risk management and employee benefits firm, to NFP in 2015 before founding Trinity Risk Advisors.

"We're excited to formally establish a group captive solution that helps small and midsize clients retain certain risks at lower costs," Ms. McSherry said.

NFP said the group captive practice will assist companies evaluating participation in shared-risk programs. Services will include assessing eligibility, analyzing the financial case for participation, and identifying available captive structures.

The practice will also coordinate placement and onboarding and support companies transitioning into captive insurance programs

The initiative complements NFP's Risk and Insurance Strategy Collective, the firm's captive consulting and management practice based in Burlington, Vermont. That unit focuses primarily on the formation of single-parent captives, segregated cell captives, and risk retention groups. It also supports feasibility studies, captive formation, and ongoing management of captive insurance companies, as well as strategic reviews of existing captive

"I'm thrilled to help launch NFP's Group Captive practice and provide clients with a collaborative risk-sharing mechanism tailored to their risk management needs," Mr. Wise said.