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Portfolio > Asset Managers

Insurer Buys Control Over Broker From NFP

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Medical Mutual of Ohio has acquired a majority stake in Employers Select Plan Agency Inc. from Employers Select’s managers.

Employers Select, Cleveland, a wholesale employee benefits brokerage firm, says its managers bought the stake from National Financial Partners Corp., New York, then sold the stake to Medical Mutual, Cleveland.

The price of the deal was not available.


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