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NFP launches venture fund, names managing director

NFP Corp. has launched a new venture fund and appointed Shawn Ellis managing director of venture and innovation to oversee the fund's development, investments and operations.

The venture fund will focus on strategic partnerships and investments in the insurance technology, financial technology and human resources technology areas.

The launch of the fund coincides with the establishment of NFP's Innovation Lab, which will support the fund through ongoing market research. NFP Corp.