Company Market Research Report
Company Overview
Name
NFP, an Aon company
Mission of the Company
To empower organizations and individuals to overcome complex challenges and uncertainties with tailored solutions and support.
Founded
No information is available
Founders
No information is available
Key People
- Doug Hammond, Chief Executive Officer
- Greg Case, Chief Executive Officer of Aon
- Eric Andersen, President of Aon
- John Haas, President, Canada
- Pamela Wheeler, Chief Diversity Officer
Headquarters
- United States Headquarters: Not specified
- Canadian Headquarters: 100 King Street West, Suite 5140, Toronto, Ontario M5X 1E1
Number of Employees
- 7,700 worldwide
- 1,100 in Canada
Revenue
- Annual Global Revenue: $2.5 billion (2023)
What the Company is Known For
NFP specializes in providing consultative advisory services in risk management, workforce solutions, wealth management, and retirement planning.
Products
Business Insurance
NFP offers comprehensive risk management solutions for businesses, including:
- Property insurance
- General liability
- Fiduciary liability
- Cyber liability
- Automobile liability
- Directors and officers liability
- Professional liability/errors and omissions
- Trade credit
Key Features:
- Comprehensive property and casualty insurance coverage
- Business continuity planning
- Risk management and claims support
- Safety and claims management
- Tailored insurance policies to specific business needs
Personal Risk
Personal insurance coverage for individualized needs, such as:
- Car Insurance
- Home Insurance
- Motorcycle Insurance
- Recreational and Leisure Insurance
- Equestrian Liability
- Horse Insurance
- Truck and Trailer Insurance
Key Features:
- Personalized risk assessments
- Annual reviews and updates for insurance needs
- Coverage market analysis
- Expertise in various personal insurance needs
Benefits, Retirement and Life
Services designed to enhance employees' benefits and retirement planning, including:
- Group Employee Benefits
- Group Home & Auto Insurance
- Group Retirement
- Individual Health Benefits
- International Benefits
- Individual Wealth Management
- Life and disability insurance
Key Features:
- Tailored benefits programs
- Employee retirement planning and pension services
- Life insurance and disability protection
- Actuarial services and risk analysis
Recent Developments
Recent Hires and Organizational Growth
- September 12, 2024: NFP Strengthened its Construction & Infrastructure Group by welcoming Thomas Strong as Senior Vice President, Construction Technology and Innovation.
- March 21, 2024: Deanna Brewer joined the Surety Group in Canada.
Partnerships and Expansions
- July 18, 2024: NFP established a multiyear partnership with Major League Baseball (MLB), becoming the Official Commercial Insurance Broker.
- January 25, 2024: NFP entered a multiyear partnership with the National Hockey League (NHL) as their Official Business Insurance Brokerage Partner.
- May 16, 2024: NFP extended its partnership with Rugby Canada through 2026.
Acquisitions
- June 8, 2023: NFP acquired Rhodes & Williams Limited, expanding its presence in Ontario.
- April 16, 2024: NFP launched Sports Card and Memorabilia Insurance Program in the Canadian market.
- April 25, 2024: Aon completed the acquisition of NFP, bringing more capability to clients.
Product Innovations
- May 4, 2023: NFP expanded personal travel insurance offerings to the Canadian marketplace.
Community and Cultural Initiatives
- NFP has a robust DEIB (Diversity, Equity, Inclusion, and Belonging) program, actively partnering with organizations like Indspire and Food Banks Canada to support diverse communities.
Conclusion
NFP stands as a comprehensive provider of insurance, risk management, and employee benefits solutions. With continuous growth marked by strategic acquisitions and partnerships, NFP is well-positioned to meet the evolving needs of its clients in a dynamic and complex marketplace. Their unwavering commitment to tailored solutions and a people-first approach underscores their mission to help clients navigate and mitigate risks effectively.
