NFP acquires Frontier Risk Group's cannabis insurance business

M&A · Partnership
โดย Life Insurance International·US·Read original
Summary · why it matters

NFP, an Aon company, has acquired the retail cannabis insurance operations of Frontier Risk Group. Eric Schneider, senior vice president at Frontier Risk, moves to NFP in the same role, reporting to Scott Foster, who leads NFP's Healthcare and Life Sciences practice. The deal brings specialised underwriting and risk management expertise into NFP's life sciences platform, extending its reach into the tightly regulated cannabis sector. With the sale completed, Frontier Risk Group will focus on growing Strata Specialty, its multi-programme manager for critical infrastructure and emerging sectors.

Impact on stocks 1

Climate Adaptation & Water▲ · 1 stocks
Aon PLC
AON
▲ PositiveCapitalrelevance

NFP, an Aon company, expands into cannabis insurance via acquisition, strengthening its life sciences platform.

Off-coverage companies 3

Frontier Risk GroupPrivate▼ Negative
Capitalrelevance

Frontier Risk Group sells its cannabis insurance business, divesting a segment to focus on Strata Specialty.

Strata SpecialtyPrivate▲ Positive
Capitalrelevance

Strata Specialty becomes the focus of Frontier Risk Group, potentially receiving more resources and attention.

National Fitness PartnersPrivate± Mixed
relevance

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