NFP, a U.S.-based insurance broker, announced Jan. 14 that is has acquired EdgeHill Insurance Brokers Ltd. The transaction closed Dec. 16, 2020.
EdgeHill, is a property and casualty insurance brokerage based in Toronto that specializes in personal lines for high net worth clients, including home, auto, watercraft and personal excess liability, as well as commercial insurance and risk management services for a variety of industries.
NFP says this acquisition is an opportunity for it to expand its expertise for high net worth clients in Canada, as well as incorporate additional service capabilities in its transportation and trucking specialty businesses.
Patti Hull and Ross Schofield, principals of the firm, will join NFP as a vice president and a consultant, respectively. Hull will report to Brian Timmis, managing director of NFP in Canada's Private Client Group.
"We're thrilled to add the talent and relationships of the EdgeHill team," said Greg Padovani, president of NFP in Canada. "Through this acquisition we extend our connection to the Ontario market, positioning ourselves to create new opportunities and deliver more value to clients. Across the business we're building out our offerings and enhancing our capabilities in markets throughout Canada."
