VANCOUVER — ICBA Benefits Services Ltd. has purchased Alberta-based Nexgen Group as part of a plan to expand its benefits brokerage and third-party administration business in markets outside of British Columbia.
ICBA Benefits is a wholly owned subsidiary of the Independent Contractors and Businesses Association, which stated in a release the acquisition “enhances ICBA Benefits’ product and service offerings, expands its client base in Alberta, and adds significant talent to ICBA’s business development team.”
“ICBA Benefits has long been one of the largest independent providers of group health and retirement benefits in B.C. and now we are taking that successful formula in a more deliberate way to markets outside of B.C.,” ICBA president Chris Gardner said in the release.
“Our third-party administration business recently landed significant blocks of business in Saskatchewan, Manitoba, Ontario and Nova Scotia, and we are excited to add Nexgen and Alberta to our team.”
ICBA Benefits was founded in 2006 and is a leading third-party provider of group health and retirement benefits in B.C.
“Joining with ICBA Benefits gives our Nexgen clients a whole new level of service and value. I am pleased we are joining a company with a great history of supporting their clients and partners and finding innovative ways to meet their group health and retirement benefits needs,” said Nexgen senior partner David Harstrom.
ICBA Benefits will retain the Nexgen brand and will continue to operate the Calgary, Alta. office with Harstrom taking on the role of vice-president of underwriting and consulting.
“We are thrilled to have David and his team join ICBA Benefits, bringing their experience, knowledge, insight and passionate commitment to serving their clients. David’s reputation of caring for clients and working hard to give them superior service, reliable and stable benefit solutions, and the best overall value possible, meshes perfectly with our philosophy at ICBA,” stated ICBA senior vice-president of group health and retirement benefits Mark Spence.
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