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Aon & NFP combination a ‘tour de force revenue opportunity,’ says CEO Case
26th April 2024
Insurance and reinsurance broking group Aon feels great about its now completed acquisition of middle-market property and casualty (P&C) broker NFP, with Chief Executive Officer (CEO), Greg Case, describing it as "a tour de force revenue opportunity." After announcing the completion of its $13.4 billion takeover of NFP and a ... Read the full article
Aon completes acquisition of broker NFP
26th April 2024
Global insurance and reinsurance brokerage Aon has completed the previously announced acquisition of NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. This acquisition expands Aon's presence in the middle-market segment, along with adding capabilities across property and casualty brokerage, benefits consulting, wealth management ... Read the full article
Aon and NFP acquisition agreement clears antitrust waiting period
21st February 2024
Aon's previously announced $13.4 billion acquisition agreement with middle-market P&C broker NFP continues to gain traction, with the waiting period having now expired under the Hart-Scott-Rodino (HRS) Antitrust Improvements Act of 1976. For those unaware, the HSR Act requires firms involved in mergers and acquisitions above a certain value to ... Read the full article
NFP acquires London-based Advanced Insurance Consultants
24th January 2024
Middle-market P&C broker NFP has acquired Advanced Insurance Consultants Limited (AIC), an insurance broker based in London. According to NFP, AIC's specialised expertise includes the agriculture, marine, leisure, vehicle and construction industries. While predominantly a commercial insurance broker, the firm said that AIC also provides personal insurance for individuals. Matt Pawley, regional ... Read the full article
NFP names Amanda Ruback to lead Central region’s P&C business
11th January 2024
NFP, a property and casualty (P&C) broker, has announced the appointment of Amanda Ruback to spearhead the P&C business in its Central region. In her new role, Ruback will collaborate with NFP's Central region, industry group, and risk practice leaders to propel the growth of commercial P&C business. Her responsibilities include bolstering ... Read the full article
S&P revises outlook for Aon to Negative amidst NFP acquisition plans
28th December 2023
S&P Global Ratings has revised the outlook for Aon PLC from stable to negative following the company's definitive agreement to acquire U.S. middle-market broker NFP Holdings LLC. Despite the strategic benefits of the acquisition, the negative outlook reflects concerns about the significant increase in debt to fund the transaction. Aon's acquisition of ... Read the full article
Aon’s $13.4bn acquisition of NFP reshapes global insurance broking landscape: Insuramore
27th December 2023
Aon's $13.4 billion acquisition of NFP is expected to fortify its standing in core markets and strategically expand its influence in secondary markets, as noted by insights from Insuramore. NFP, a significant player across various broking segments, currently holds notable worldwide rankings, including seventh for employee benefits activity, life and health ... Read the full article
Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
20th December 2023
Analysts at Morgan Stanley have highlighted how Aon's recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will "take time to become accretive." Earlier today, it was reported that the broker had signed a definitive agreement to acquire NFP for ... Read the full article
Aon set to acquire middle-market P&C broker NFP
20th December 2023
Aon, the global re/insurance broker, has signed a definitive agreement to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor - Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of ... Read the full article
NFP appoints Tyler James NA construction property broking leader
8th November 2023
P&C broker, benefits consultant, wealth manager and retirement plan advisor, NFP, has appointed Tyler James as North American construction property broking leader. James holds over a decade of commercial and construction underwriting experience, having most recently served as Midwest construction property manager for Zurich North America, where he implemented underwriting strategies, ... Read the full article
NFP names Meg McSherry to lead P&C business in Atlantic region
31st October 2023
NFP, a property and casualty (P&C) broker, has announced the appointment of Meg McSherry to head the P&C business in its Atlantic region. In her new role, McSherry will collaborate with Atlantic region leaders, industry groups, and risk practices to expand the commercial P&C business, the broker noted. She will report directly ... Read the full article
NFP introduces new brand for its specialty program business
27th September 2023
Property and casualty broker, NFP, has introduced Totalis Program Underwriters, a new brand for its specialty program business. “Totalis consolidates top specialty underwriters into a single integrated platform, offering niche specialty solutions across many industries with a full suite of services, including underwriting, product development and distribution,” NFP stated. It will be ... Read the full article
Amanda Wescott joins broker NFP’s RISC team as VP
31st August 2023
NFP, a property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has appointed Amanda Wescott as vice president, director of US captive management operations of the company’s Risk and Insurance Strategy Collective (RISC). As part of RISC - a specialty practice that provides a comprehensive range of captive management solutions ... Read the full article
Betterview to provide wildfire insights through engagement with NFPA
10th August 2022
Insurtech provider Betterview has teamed up with the National Fire Protection Association (NFPA) to provide property and community-level wildfire insights. NFPA is a non-profit organisation that is devoted to eliminating death, injury, property, and economic loss due to fire, electrical, and related hazards. The company is focused on helping insurers in ... Read the full article
NFP forms captive management arm
18th July 2022
NFP, a property and casualty broker, has established NFP Captive Management (Alberta) Corp. and appointed two industry veterans in the captives and alternative risk space. This will enable NFP to form and administer Alberta-domiciled captive insurance companies for their clients. Joseph Seeger, managing director, co-lead, CRSG of NFP in Canada, ... Read the full article