NFP
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Aon will provide further updates on NFP and deal financials, on its earnings call tomorrow.
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The deal cleared a major antitrust hurdle two months ago.
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NFP claims it has so far lost five clients to Alliant, resulting in damages of $2mn.
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The deal value represents roughly 4x last year’s insurance broking income.
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Deanna Brewer will work with NFP’s construction clients.
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The end of the waiting period effectively clears the path to close in the US.
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The exec was speaking alongside Doug Hammond after Aon agreed to buy NFP.
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Amanda Ruback will focus on driving commercial P&C business growth, including supporting new business and client acquisition/retention and managing the region's commercial P&C account teams.
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NFP will need to be brought close enough to realize the benefits, but not so close its talent feels smothered.
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The CEO also disclosed that the break fee on the takeover is $250mn.
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She will work with Atlantic Region, industry group, and risk practice leaders to grow NFP’s commercial P&C business.
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As part of the initiative, recently appointed MD John Hyland will join David Bowcott and Adrian Pellen as co-leaders of the C&I group.
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