[ad_1]
Based in 1999, NFP has since develop into a significant participant in property and casualty brokerage, advantages consulting, wealth administration, and retirement plan consulting. Doug Hammond, chairman and CEO of NFP, will proceed to steer the enterprise inside Aon, sustaining an unbiased however related platform. He’ll report on to Aon president Eric Andersen.
“That is an thrilling milestone in NFP’s evolution that displays the great high quality of the enterprise we have constructed and the distinctive individuals who drive our success. Aon is an trade chief in delivering Threat Capital and Human Capital capabilities and this acquisition is compelling for a lot of causes. Our purchasers will profit from Aon’s world assets and distribution, whereas our folks can have extra alternatives to speed up the expansion of NFP,” Hammond says.
“With aligned values and capabilities throughout different-sized market segments, we look ahead to working with the Aon staff to raise efficiency and make the transaction profitable for everybody concerned,” he provides.
“NFP has one of the high-performing management groups and cultures that I’ve come throughout within the market in my 30-plus years within the enterprise. NFP’s staff shares our one-firm mindset and commitments to shopper excellence and development, and I am wanting ahead to working with Doug and all of the colleagues at NFP once they be part of our agency as an Aon firm,” says Andersen.
The transaction, topic to customary circumstances together with regulatory approvals, is predicted to shut in mid-2024. Each Aon and NFP will proceed to function independently till the deadline, with monetary metrics calculated conservatively primarily based on a June 2025 deadline.
[ad_2]
