SINGAPORE and KANSAS CITY, Mo., Nov. 9, 2015 /PRNewswire/ -- Specialist financial services consultancy NMG Consulting has acquired US-based Flaspohler Research Group (FRG) to deepen its range of North American insights and analytics offerings.
FRG serves clients across a broad spectrum of industry segments including life reinsurance, non-life reinsurance, corporate and commercial lines insurance, and managed health care. With this acquisition, NMG will be able to provide its clients a wider complement of products and a deeper presence in North America.
Mark Prichard, CEO of NMG Consulting (Global) said: "This acquisition is a major step for NMG, and aligns perfectly with our desire to move into the non-life segments and expand our presence in the US. FRG has a 30-year history of serving US clients across diverse sectors and in particular through commercial lines and non-life reinsurance studies. We are excited to welcome Rick Flaspohler into NMG Consulting and collaborate with him to develop a strong suite of products for the US market and globally.
Rick has deep experience and relationships in the US and Europe. We look forward to integrating FRG into NMG and making its capabilities an integral part of our programs."
Rick Flaspohler, Founder of Flaspohler said: "I look forward to working with NMG and its global pool of resources and talent. Together, FRG and NMG will offer clients unique and valuable propositions and over time, FRG's clients will gain enormous benefits through the addition of new capabilities and expertise."
Rick Flaspohler will become a Partner in NMG Consulting.
About NMG Group
NMG Consulting is a specialist, multinational consultancy focused on the insurance, reinsurance and investment sectors.
The firm provides strategic insights, consulting, actuarial, marketing and research to multinational and domestic financial institutions including leading insurers, reinsurers, banks and asset managers.
NMG's business model allows it to combine deep market insights with global reach. NMG consultants cover each of the major financial services markets (including cross-border and offshore segments) from offices in the UK, Asia, South Africa, Australia and Canada.
NMG Consulting is part of the NMG Group, established in Singapore in 1992, a global financial services business with operations across employee benefits, pension administration and advisory, product origination and strategic equity.
About Flaspohler Research Group
Flaspohler Research Group, Inc. (www.frsurveys.com) was founded in 1983 and has conducted surveys in 95 countries and a dozen languages. The company offers unique expertise in B2B, and is widely recognized for its work in Insurance and Reinsurance.
Karin Barry, COO, +65-6325-9855, NMG Consulting Karin.Barry@NMG-Group.com
SOURCE NMG Consulting