One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced that it has acquired Executive Benefits Group. Terms of the deal were not disclosed.
Executive Benefits Group (EBG) is based in Charlotte, NC and offers a comprehensive suite of executive benefit solutions including corporate supplemental disability income protection programs. The firm’s boutique service model is designed for sophisticated, highly compensated executives, and provides innovative executive benefit services helping clients accumulate and protect financial assets for retirement.
EBG works with a wide variety of privately held and public corporations, as well as hospitals, private universities, and individuals. Services include existing coverage analysis, the creation of customized plans to meet clients’ objectives, implementation and enrollment support, and ongoing administration.
“Structural limitations in group disability plans, group life insurance plans, and qualified retirement plans, create shortfalls that limit the value of these programs to an organization’s highly compensated employees,” said Matthew F. Power, President, One80 Intermediaries. “I have been very impressed with EBG’s level of expertise and consultative approach to this niche area of the employee benefits space, and look forward to our partnership,” he continued.
“EBG has been a leader and innovator in the executive benefits industry for over 26 years. We are excited about this next chapter of the company’s growth and look forward to joining One80’s entrepreneurial and innovative culture,” said Daniel G. Aceti, CLU, ChFC, Managing Director, One80 Intermediaries.
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