NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on December 16, 2020.
Financial details of the acquisition were not disclosed.
EdgeHill, a Toronto, Ontario-based P / C brokerage firm specializes in personal lines for high net worth clients, including home, auto, nautical and personal liability, as well as commercial and insurance services. risk management for a variety of industries.
The acquisition of EdgeHill represents an opportunity for NFP to expand its expertise for high net worth clients in Canada, as well as incorporate additional service capabilities into its specialized haulage and trucking business, NFP said in a statement.
Company directors Patti Hull and Ross Schofield will join NFP as vice president and consultant, respectively. Hull will report to Brian Timmis, Managing Director of NFP’s Private Client Group in Canada.
“We are excited to add the talent and connections of the EdgeHill team,” said Greg Padovani, President of NFP in Canada. “With this acquisition, we are expanding our connection to the Ontario market, positioning ourselves to create new opportunities and deliver more value to customers. Across the company, we are expanding our offerings and improving our capabilities in markets across Canada.
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