Insurance service provider, Amynta Group, has announced that its subsidiary, First Nonprofit Companies, Inc. (FNP), has acquired Nonprofit Services Insurance Agency, Inc. (NPS).
Based in Longview, Washington, NPS has been providing alternative methods for nonprofit employers to meet their unemployment insurance liabilities for over 20 years.
It offers comprehensive captive management unemployment insurance solutions to a diversified group of nonprofit organisations.
According to the announcement, NPS’ co-founders Dennis Costa and Mark Hanson will continue to lead the business as it integrates with FNP.
First Nonprofit provides unemployment insurance solutions for 501(c)3 nonprofit, government and tribal entities that provide cost saving options satisfying State Unemployment Insurance requirements.
This acquisition expands and diversifies FNP’s book of nonprofit clients and service options.
Mario Poretto, President of FNP, commented: “NPS brings a long-term track record of success serving its nonprofit clients that deepens our capabilities serving the nonprofit sector. We’re committed to delivering expanded service and value through the combined strengths of both organizations. I am excited to welcome Dennis, Mark and their associates to FNP.”
