The acquisition adds specialized underwriting and risk management expertise to NFP’s life sciences platform in a tightly regulated sector.
NFP, a subsidiary of Aon, has acquired Frontier Risk Group’s retail cannabis insurance operations, strengthening its position in the regulated cannabis market. The deal includes the transfer of Eric Schneider, Frontier Risk’s senior vice president, who will join NFP in the same role under the Healthcare and Life Sciences practice led by Scott Foster.
Frontier Risk’s business brings underwriting, risk management advisory, and deep industry knowledge to NFP’s platform, targeting clients navigating regulatory and operational challenges. The acquisition aligns with NFP’s strategy to expand in fast-growing, highly regulated sectors. Frontier Risk will now focus on its Strata Specialty unit, which develops risk transfer solutions for critical infrastructure and emerging industries.
NFP operates across the US, Canada, UK, and Ireland, offering property, casualty, and employee benefits insurance. The firm’s capabilities are bolstered by Aon’s global resources, enhancing its ability to serve niche markets like cannabis.