Property and casualty insurance (P&C) broker NFP, an Aon company, has purchased Alan J. Zuccari, doing business as Hamilton Insurance Agency.
Financial specifics of the deal remain undisclosed.
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Hamilton Insurance, based in Fairfax, Virginia, has been involved in the senior housing and long-term care insurance market for nearly five decades.
The company, led by the Zuccari family, has provided insurance solutions, risk management, integrated benefits administration and digital tools for clients across the DC metropolitan region since 1982.
Following the transaction, Hamilton’s president, CEO and founder Alan Zuccari will serve as chairman emeritus.
Joe Zuccari, previously executive vice-president for Life and Health at Hamilton, joins NFP as senior vice-president.
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By GlobalDataJason Zuccari continues as managing director and will lead the development of the new vertical within NFP.
In a joint statement, the Zuccaris said: “Joining forces with NFP is an exciting next chapter for Hamilton. NFP’s integrated approach and commitment to client success mirror our own values, and we are eager to leverage its scale to expand the solutions we offer to senior living and long-term care organisations.”
All three will report to Ethan Foxman, NFP’s president for the Atlantic region.
Foxman commented: “We are thrilled to welcome Alan, Joe, Jason and the exceptional Hamilton team to NFP.
“Hamilton’s reputation for excellence in senior living and long-term care aligns perfectly with NFP’s vision. Adding this team will mean even greater value and integrated solutions for existing clients in the DC metro area and well beyond.”
The deal also includes Hamilton’s BeneLink Connect platform for benefits administration and its electronic risk management assistant tool.
Earlier this year, NFP acquired Pilot Benefits Group, which trades as Pilot|RB.
The company is based in Melville, New York, and is expected to support NFP’s group benefits business, especially among non-profit organisations.
