NFP Company Research Report

Company Overview

• Name: NFP

• Mission: NFP is dedicated to helping companies and individuals address significant risks, workforce, wealth management, and retirement challenges. They prioritize partnerships and aim to advance a culture that puts people first.

• Founded: No information is available.

• Founders: No information is available.

• Key People:

• Doug Hammond, Chief Executive Officer

• Mike Goldman, President and Chief Operating Officer

• Ed O'Malley, Executive VP, Head of Insurance Brokerage and Consulting

• Evan Michael, Executive Vice President and General Counsel

• Brett Schneider, Executive Vice President and Chief Financial Officer

• Ginnette Quesada-Kunkel, Executive VP and Chief Human Resources Officer

• Eric Boester, EVP, Chief Marketing Officer, and Head of Sports and Entertainment

• Headquarters: No information is available.

• Number of Employees: Over 7,700 globally, including offices in the US, Puerto Rico, Canada, UK, and Ireland.

• Revenue:

• Property and Casualty: $861 Million (2023)

• Benefits and Life: $1.2 Billion (2023)

• Wealth and Retirement: $418 Million (2023)

• Recognition: Known for being a consultative advisor, NFP has ranked as:

• 7th Largest Benefits Broker by Global Revenue

• 8th Commercial Lines Agency

• 9th Largest Property & Casualty Agency

• 13th Global Insurance Broker

Products

Benefits and Life

• Description: NFP provides a holistic approach to designing benefits programs, ensuring each piece integrates smoothly with the organizational strategy to support employees' success.

• Key Features:

• Comprehensive benefits strategy tailored to client needs.

• In-depth knowledge of regulatory issues.

Property and Casualty

• Description: The service involves proactive risk management tailored to complex risk exposures.

• Key Features:

• Offers property and casualty insurance to mitigate property damage, income loss, and liability claims.

• Consultative services putting organizational needs first.

Wealth and Retirement

• Description: Focuses on customized advice for wealth management and retirement planning.

• Key Features:

• Programs tailored to high-net-worth individuals and employers managing retirement plans.

• Emphasis on optimizing returns and reducing risk.

Personal Insurance

• Description: Offers insurance solutions for personal belongings and assets.

• Key Features:

• Coverage for home, car, and other valuables to ensure legacy protection.

Recent Developments

New Appointments and Roles

• November 12, 2024: Eric Boester, NFP’s chief marketing officer, was announced as the new head of its Sports and Entertainment Group. This new role will focus on advising leagues, professional organizations, sports franchises, and athletes on risk and workforce solutions.

Acquisitions

• November 8, 2024: NFP acquired HC Financial, a financial planning, and corporate employee benefits advisory business based in Galway, Ireland, to expand its physical footprint and meet the demand for benefits and wealth planning expertise.

• October 17, 2024: NFP acquired IHI Group, a leading Irish advisory firm specializing in financial planning, healthcare, and general insurance needs, to strengthen its hold in the health insurance broking industry.

Research and Reports

• October 29, 2024: NFP released its 2025 US Leave Management and HR Trend Report, highlighting that while leave policies are viewed as strategic assets, many employers are struggling with implementation and visibility among employees.

No information is available about when the company was founded or its mission specifically. Thus, not all fields have been filled.