Aon now owns NFP | American Insurance Business

Aon has successfully completed the acquisition of middle market property and casualty insurance broker NFP from funds affiliated with Madison Dearborn Partners and HPS Investment Partners.

Chief executive Greg Case (pictured) called April 25 a “historic day for the company” as Aon welcomed NFP into the group. It was noted that NFP, as his Aon company, will operate as an “independent and linked” risk capital and human capital capability platform.

“With our talented team and superior content and capabilities, further enabled by our Aon Business Services operating platform, we are able to create more value for our clients while creating long-term shareholder value for our investors. We will continue to strengthen our capabilities,” Case said.

The acquisition of NFP significantly expands Aon's footprint in the middle market sector, bringing together more than 7,700 professionals with expertise in claims brokerage, benefits consulting, wealth management and retirement planning advice.

NFP will continue to operate under the direction of CEO Doug Hammond, who will report to Aon President Eric Andersen.

“The idea of ​​‘independence and connection’ is key to how we work together to create more choice for our customers across risk capital and human capital capabilities,” Andersen said. I did.

“Doug and his team have built a great customer-centric business. We are excited to use the Aon Business Services Platform to deliver new capabilities to small and mid-market customers across Aon and NFP. We are focused on expanding.”

For Hammond, the completion of the NFP sale marks the beginning of an “exciting new chapter” in the broker's history.

“We look forward to the positive impact our complementary expertise and capabilities will have on all stakeholders,” he commented. “Aon's diverse resources and global reach strengthen our ability to meet the dynamic risk, workforce, wealth management and retirement needs of our clients.

“We remain focused on both promoting the culture that our colleagues want to be a part of and working together to contribute to our overall growth and success.”

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