U.S. P&C insurer acquires IndemnisBy The IJ Staff | February 10 2020 03:30PM
NFP Corp., a New York-based insurance broker and consultant providing property and casualty insurance, corporate benefits, retirement and individual solutions, announced today that it has acquired Toronto-based Indemnis Trade Risk Management Limited.
Indemnis is a property and casualty insurance broker with operations in both Canada and the United States. The firm specializes in providing trade credit and political risk insurance.
“The firm’s consultative approach helps clients protect against catastrophic credit loss, while improving liquidity and financing arrangements,” NFP said in a statement released Monday. It says the firm also helps companies manage complex political risks and expand sales safely to new segments, countries and customers while strengthening trade risk management controls.
Tom Leonard, Indemnis’ principal, will remain with the company, serving as the practice leader for NFP’s trade credit and political risk division.
“As we continue to grow our presence in North America, we are working to enhance the support we provide to clients with global operations,” says NFP’s head of property and casualty, Henry Lombardi. “The solutions that Tom and his team are able to deliver will make our clients more resilient and support their ability to grow their businesses.”