NFP, an Aon company, has purchased the Hamilton Group in a move aimed at reinforcing its property and casualty (P&C) presence across the US north-east.
Headquartered in New Jersey, Hamilton Group is a family run insurance brokerage.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company has advised small and mid-sized businesses in New Jersey and the wider tri-state area for close to seven decades.
It is said to have built long-term relationships with insurers, supporting the delivery of both commercial and personal lines cover for its clients.
Under the deal, Hamilton Group executives Greg Frankel and David Page are joining NFP as senior vice-presidents.
They will report to Lauren Kim, regional managing director of P&C in NFP’s north-east region.
Frankel said: “Joining NFP positions us well for our next phase of growth. NFP’s scale and resources across the property and casualty insurance ecosystem enhance our ability to deliver more integrated risk solutions for clients across the tristate area, while maintaining the personal level of service our firm is known for.”
NFP said the purchase expands its regional reach and adds to its broader buildout of P&C capabilities in the US.
NFP north-east region president Kate Henry added: “Hamilton Group has a well-established reputation in the market through its strong management team, long-standing carrier relationships and disciplined P&C execution.
“Their approach to risk management aligns with our service model and complements our regional platform, strengthening our ability to deliver more complex, integrated solutions to their clients.”
The transaction comes shortly after other moves by NFP to grow in P&C.
Last month, the company formed a group captive practice following its acquisition of Trinity Risk Advisors, a captive brokerage operator based in Charlotte, North Carolina.
Alan Wise, president of Trinity Risk, is set to run the new unit as managing director.
During the same month, Aon introduced a revised leadership model for its US specialty distribution activities within its Reinsurance Solutions division.
The changes span delegated authority platforms, excess and surplus carriers, hybrid fronts, managing general agents, managing general underwriters and programme-focused carriers.
A dedicated leadership group will oversee the area, with the stated goal of improving specialised expertise, partner links and client solution delivery.
