Overview of Transaction

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• BWD Group, LLC announced its sale to NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement, and individual insurance and wealth management solutions.

• Headquartered in Plainview, NY, BWD is the 30th largest insurance broker in the United States and has arguable built the leading franchise in the sports insurance industry with clients that include the NBA, MLB and NHL.

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Significance of Transaction

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• The BWD acquisition marks a tremendous milestone in growing NFP’s P&C operation to complement their significant benefits and individual solutions presence.

• BWD’s principals will join NFP’s leadership team as Managing Directors. Roger and Marc Blumencranz and Stuart Wilkins will each become Managing Director, NFP Property & Casualty, New York Metro. Eric Blumencranz will become Managing Director, NFP Corporate Services (NY).

• BWD’s management will supervise NFP’s combined New York P&C presence, and the collective New York P&C operation will report to Terrence Scali, Chief Executive Officer, NFP Property & Casualty. The combined New York benefits operation will report to William Austin, Managing Director, NFP Corporate Services (NY).

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Sica | Fletcher's Role

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• Sica | Fletcher served as exclusive strategic and financial advisor to BWD Group. 

• Sica | Fletcher leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for the company.

• The BWD insurance transaction demonstrates Sica | Fletcher’s continued success advising Top 100 US Insurance Brokers.