NFP acquires national broker Team Scotti
NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, has announced the acquisition of LFG, Inc. (DBA Team Scotti). The transaction closed effective December 1, 2019.
Team Scotti, based in Pittsburgh, PA and founded in 1987, is a national insurance broker offering insurance solutions and employee benefit programs to Major League Baseball (MLB) and Minor League Baseball (MiLB) and their affiliates. The firm plays a critical risk management role for MLB, including, but not limited to, securing high-limit disability insurance for key players, written on behalf of teams, as well as servicing their group health benefit needs. The founder of the firm, John A. Scotti, will join NFP as a managing director, reporting to Henry Lombardi, executive vice president and head of NFP Property & Casualty.
NFP and its subsidiaries have long been meeting the holistic risk management needs of many North American professional sports leagues including the NBA, NFL, NHL, WNBA and the ATP Tour, as well as other well-known professional and amateur sports leagues, teams, organizations, athletes and events. The Team Scotti acquisition adds retail brokerage expertise with respect to MLB/MiLB, elevating NFP’s position as a leader in the sports and entertainment space.
“John and his team are welcome additions to NFP as we continue our focus on growth driven by recognized subject matter experts,” said Lombardi. “Our presence in all the major sports gives us the opportunity to help our clients navigate unprecedented challenges. Whether it’s the delayed start facing MLB, the NFL’s consideration of how best to begin its season, or how the NBA and NHL will handle their playoffs, we will continue to provide whatever support our clients need to move forward once their sports return to play.”
“We are honored to bring our years of experience serving baseball to NFP’s exceptional and diverse portfolio of sports and entertainment offerings,” said Scotti. “Our team is thrilled to join forces with NFP, collaborate within the community and continue to deliver risk solutions tailored to our clients’ needs.”