NFP has acquired LFG Inc., DBA Team Scotti, in order to elevate the New York insurance broker and consultant’s position in the sports and entertainment space. Team Scotti, based in Pittsburgh, is a national insurance broker offering insurance solutions and employee benefit programs to Major League Baseball and Minor League Baseball and their affiliates.
The transaction closed Dec. 1, 2019. 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.
Team Scotti 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.
NFP and its subsidiaries already meet 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 professional and amateur sports leagues, teams, organizations, athletes and events.