NFP Property & Casualty Services Inc

NFP Property & Casualty Services Inc

NFP Property & Casualty Services Inc is a unit of NFP Corp, a company founded in 1998 by Doug Hammond and Jessica Hall as a benefits-focused brokerage firm. The P&C services line was built largely through acquisition, including the 2016 purchase of commercial lines broker Gow Johnson & Brown. NFP Corp sold a minority stake to private equity firm Madison Dearborn Partners in 2017; in 2022, Aon agreed to sell its NFP stake to a group including Madison Dearborn and investment firms. The P&C division works across insurer relationships to provide property, casualty, professional liability, and surety coverage to mid-size and large commercial clients. It does not deploy capital as a principal—its AUM and deployment numbers are undisclosed because it is an insurance broker, not an investment firm. The unit covers a range of industries including construction, healthcare, manufacturing, real estate, technology, and transportation. NFP Corp reports approximately 8,600 employees across the US and Canada (per the firm, 2024). The P&C services division is headquartered in White Plains, NY, with additional offices in major US cities. The broader organization operates a separate philanthropic arm, NFP Foundation, focused on education and community giving. No recent public operational event specific to the P&C services division was available (per public record, 2026). As an independent retail brokerage, NFP P&C operates differently from many insurance firms in that it does not underwrite risk—it acts as an intermediary. This removes market risk entirely and shifts the business toward fee and commission income. Its relationship with NFP Corp's benefits and retirement arms makes it a multi-line broker distinguished by cross-selling across employee and business coverage. No succession or governance details beyond the Madison Dearborn partnership are disclosed.