NFP

NFP brings sports and entertainment subsidiaries under one brand

NFP has brought together all of its sports and entertainment subsidiaries under one combined platform as the broker looks to strengthen its offering to these specialist sectors.

NFP adds QBE’s Franznick to management and PL practice

NFP’s property and casualty division has hired Jonathan Franznick from QBE North America to lead claims advocacy for its management and professional liability practice.

NFP adds captive and alt risk expertise with Stopford and Tencellent hires

NFP has brought in Tracy Stopford from Willis Towers Watson (WTW) and Coverys’ Kara Tencellent as the expansive US broker looks to build out its captive and alternative risk offerings.

NFP acquires Atlanta-based construction focused MGA ISG

NFP has continued its recent spate of M&A activity with the acquisition of Atlanta, Georgia-based managing general agent Insurance Specialty Group (ISG), The Insurer can reveal.

NFP adds Marsh’s Pendergast to lead SPAC and GPL practice

NFP has added Andrew Pendergast from Marsh to lead the expansive broker’s special purpose acquisition company (SPAC) and general partner liability (GPL) practice, The Insurer can reveal.

NFP adds former JLT broker Sternberg to M&A team

US broker NFP has hired Charles Sternberg as a senior vice president, leading the insurance placement and portfolio management team in the merger and acquisition risk solutions group.

NFP continues West expansion with Santa Maria buy

NFP has announced the acquisition of Santa Maria & Company (SM&C), which bolsters the US broker’s presence in the Bay Area.

NFP targets upper-mid market business amid strong M&A pipeline

NFP is targeting more middle to upper-middle market clients as the company continues to add agencies and new staff amid the continuing fallout from broker consolidation, Henry Lombardi, executive vice president for property and casualty at NFP, has told The Insurer.

NFP adds to employee benefits offering with EFG&M acquisition

NFP has continued its recent M&A drive with the addition of EFG&M Management.

NFP makes one of its largest acquisitions with Rose & Kiernan buy

US broker NFP has added about $50mn of revenues with the acquisition of Albany, New York-based Rose & Kiernan, as it continues to grow its business after revenues went through the $1.5bn mark in the 12 months to March 2020.

NFP hires QBE’s Kim as financial institutions SVP

US insurance broker NFP has named Lauren Kim as senior vice president, working in its specialty financial institutions group as its legal and technical leader.

NFP makes cyber hires from Marsh and Axa XL

NFP has built out its cyber practice with the hires of Akhil Chopra from Marsh and Elissa Doroff from Axa XL, in addition to Ben Beeson recently joining from Arceo.

NFP names former USI exec Wood as Southwest MD

David Wood, who most recently was an executive vice president at USI, has joined NFP as a managing director for NFP’s Southwest offices.

NFP hires former Zurich Canada CEO Lundy

Patrick Lundy has joined broker NFP in Canada as senior vice president, manufacturing and real estate.

NFP expands southern California presence with San Diego agency buy

NFP has acquired Leavitt Insurance Agency of San Diego, a property casualty and employee benefits broker that adds middle market commercial capabilities in southern California.

Reps and warranties writers rush to exclude Covid-19

The majority of representations and warranties insurance (RWI) carriers have acted fast to bring in broad exclusions for Covid-19, with brokers warning some exclusions could be applied to almost any loss.

NFP acquires Arizona P&C broker Koty-Leavitt

Expansive NFP has acquired Koty-Leavitt Insurance Agency, a Tucson, Arizona-based commercial property casualty broker that specialises in the medical device distribution space.

JLT and NFP settle dispute over hires

Marsh & McLennan Companies (MMC) and NFP have voluntarily dismissed litigation that had raged since May last year over the private equity-backed retail broker’s hire of a number of former JLT Specialty executives.

NFP promotes Padovani to president amid Canada management overhaul

Expansive retail broker NFP has promoted Greg Padovani to president of its Canadian business, alongside chief operating officer John Belyea, chief strategy officer Marty Shaw and a raft of appointments to its property and casualty (P&C) management team.