A new entrant in the alternative risk space, insurance broker NFP Corp., sees lots of potential for growth in captives and risk retention groups as segments of the market harden, according to Jonathan McKenzie, vice president of NFP’s Risk & Insurance Strategy Collective (RISC).
Parent company NFP sees alternative risk “as a component of their continued growth in 2021 and beyond,” he said. The alternative risk unit has been adding staff rapidly, with Tracy Stopford and Kara Tencellent joining the company to lead the team in October 2020 as managing directors and McKenzie coming on board in March of this year to head up the U.S. captive management operations.
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