NFP News

OPTIS: Insurance Agency M&A Down 18% in Q1 2024

The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A database counted 155 announced insurance agency mergers and …

NFP Acquires Buffalo Broker SDN From Five Star Bank

Global insurance broker NFP announced it has acquired the assets of SDN Insurance Agency (SDN). SDN handles property/casualty insurance as well as employee benefits, surety and life insurance in the the Buffalo, New York area through offices in Amherst and …

Aon-NFP Deal Clears Antitrust Hurdle

Aon’s proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it has cleared the 30-day waiting period under the Hart-Scott-Rodino Antitrust …

NFP Buys London-Based Advanced Insurance Consultants Ltd.

NFP, the insurance broking and consulting firm, announced it has acquired Advanced Insurance Consultants Ltd. (AIC), an independent insurance broker based in Hemel Hempstead on the outskirts of London. As part of the deal, which closed on Dec. 15, the …

Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says

A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were …

Aon to Buy Middle-Market Broker NFP for $13.4 Billion

Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing …

NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.

NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health and safety capabilities and solutions for the company’s Irish, …

NFP Buys UK-Based Resolute Insurance Services

NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP said the acquisition expands its commercial insurance product …

NFP Acquires UK-Based Cronin Insurance Consultancy Ltd.

NFP, a New York City-based property/casualty broker, announced its acquisition of The Cronin Insurance Consultancy Ltd., a commercial insurance broker based in the West Midlands, England. This latest acquisition continues NFP’s growth in the region and provides Cronin with access …

NFP Acquires Florida Broker

Global insurance broker NFP announced it has acquired Benefits & Co., the Florida benefits business of Clearscope, a benefits services and software firm with offices in New York and New Jersey. Based in Sunrise, Florida, Benefits & Co. is an …