NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on Dec. 16, 2020.
Financial details of the acquisition were not disclosed.
EdgeHill, a P/C brokerage firm based in Toronto, Ontario, specializes in personal lines for high net worth clients, including home, auto, watercraft and personal excess liability, as well as commercial insurance and risk management services for a variety of industries.
The acquisition of EdgeHill represents an opportunity for NFP to expand its expertise for high net worth clients in Canada, as well as incorporate additional service capabilities in its transportation and trucking specialty businesses, said NFP in a statement.
Patti Hull and Ross Schofield, principals of the firm, will join NFP as a vice president and a consultant, respectively. Hull will report to Brian Timmis, managing director of NFP in Canada’s Private Client Group.
“We’re thrilled to add the talent and relationships of the EdgeHill team,” said Greg Padovani, president of NFP in Canada. “Through this acquisition we extend our connection to the Ontario market, positioning ourselves to create new opportunities and deliver more value to clients. Across the business we’re building out our offerings and enhancing our capabilities in markets throughout Canada.”
Source: NFP
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance 
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes 
Viewpoint: The 10 Major Risks Shaping Insurance Today 
Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud 
