NFP

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.

Marsh and NFP close to settling JLT defectors suit

Marsh JLT fights back against NFP Cali transfer request

JLT has called on a Manhattan judge to decline defendant NFP’s attempt to have the bitter legal battle between the two broking houses – over the appointment of 13 executives – transferred from New York to California.

NFP among investors in DataCubes $15.2mn Series B round

Insurtech DataCubes has raised $15.2mn to help grow its team and accelerate its research and development.

NFP asks judge to transfer JLT dispute over West Coast execs

Citing its rival’s “pure gamesmanship”, NFP has asked a New York court to either transfer a JLT lawsuit against it to California, where JLT in a related suit has sued four executives that joined NFP earlier this year, or dismiss the case.

NFP buys HNW specialist and plans $250mn debt issue

Expansive retail broker NFP is set to raise $250mn in a new debt issue and increase preferred equity with net proceeds used to buy back stock and fuel further acquisitions, as well as buy back stock.

NFP adds to surety team with another JLT hire

Ihab Loubieh has joined US broker NFP’s property casualty team as a senior vice president in the surety division.

NFP hires another JLT Specialty exec on West Coast

In NFP’s latest appointment from JLT Specialty USA, Steve Smith has joined the expansive broker as a senior vice president in its property casualty, West region.

NFP hires another former JLT exec for financial institutions group

Expansive private equity-backed broker NFP has added another former JLT Specialty USA executive to its ranks with the hire of financial institutions specialist Natasha Kiemnec.

NFP buys New York workers’ comp specialist GCG

Expansive private equity-backed US broker NFP has continued the build out of its P&C platform with the acquisition of GCG Risk Management.

Former JLT Specialty USA exec Turk joins expansive NFP

Former JLT Specialty USA executive Doug Turk has re-emerged at NFP as the latest high-profile hire by the expansive private equity-backed retail broker.

MMC sues NFP defectors to enforce non-solicitation and confidentiality agreements

MMC has sued NFP and four former JLT Specialty USA employees over the defection of real estate and property teams from the newly acquired broker.

NFP hires Pestana and other JLT execs for LA office

MMC-owned JLT Specialty USA real estate practice leader Gary Pestana is one of several executives to leave the firm to join expansive private equity-backed US retail broker NFP, The Insurer can reveal.

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