NFP Announces Executive Leadership Appointments
Promotions position NFP for long term strategic growth
NEW YORK – February 8, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced the promotion of six senior leaders. These promotions support NFP's ongoing strategy and position the company for future success.
Doug Hammond, NFP's Chairman and Chief Executive Officer, said, "The rapid pace of change in our industry necessitates ongoing assessment of our business assumptions and the discrete functions of our strongest leaders. This ensures that our client and employee value proposition remains fresh and competitive and is supported by the most innovative tools and resources. Our commitment to the development of our people will always be fundamental to NFP's success, which underscores my confidence in these talented leaders as they embark on expanded and new roles. I look forward to continuing in my role as Chairman and CEO, working closely with the NFP leadership team to continue to chart a successful path forward for NFP."
Mike Goldman promoted to President and will lead NFP's InsurTech/FinTech investment group. He will remain NFP's Chief Operating Officer. In his new role, Goldman will continue to lead NFP's operations, while assuming formal responsibility over the company's increasingly active and deliberate investments in technology. NFP strives to provide clients with advanced technology-based solutions and to develop the capabilities to ensure the company remains an innovative technology leader. By focusing on emerging technologies, NFP will not only become a leader in delivering the best client solutions but will also stand out as an attractive employer for the best of our next generation of industry leaders. Over the past 17 years, Goldman has been critical to NFP's success and will continue to grow and maximize the value of the company in this expanded role.
Terry Scali has joined NFP's Board of Directors. As a board member, Scali brings P&C industry expertise and experience that will be invaluable as NFP continues to focus on the growth and alignment of its P&C business within the framework of NFP's other core benefits and individual solutions offerings. Since joining NFP in 2011, Scali has led NFP's P&C expansion from just $50 million in revenue to almost $300 million today. Scali will continue to drive value in his new role.
Ed O'Malley's responsibility over NFP's Corporate Benefits and Life Insurance field operations expanded to include P&C. In this broader role, O'Malley will be working closely with NFP's P&C regional and specialty leaders to refine the P&C operations into a more aligned business that optimizes the scale and broad suite of resources the company has acquired over the past several years. Aligning all NFP field operations under one leader advances NFP's goal of delivering an integrated client resource that includes its three primary offerings of benefits, P&C and individual solutions. Over his 16-year tenure at NFP, O'Malley has led the transformation of NFP's decentralized health benefits businesses into an aligned dominant market leader, successfully incorporating retirement, executive benefits, pharma consulting and other specialty offerings into the core suite of benefits offered to every client and prospect. This background will be vital as O'Malley embarks on this expanded role to further the alignment of NFP's P&C capabilities with the rest of NFP's offerings.
Eric Boester promoted to Chief Marketing Officer. In his new position, Boester will be responsible for elevating NFP's external brand and developing a more robust digital strategy. With NFP for over 16 years, Boester most recently led NFP's rapid transition from over 200 individual brands to a single, consolidated NFP brand and marketing strategy. With the brand transition complete, NFP is now positioned to amplify the NFP story. Boester will continue to lead NFP's Corporate Development initiatives, which align NFP's diverse capabilities around new business opportunities. Boester's expanded role enables marketing and sales to remain closely coordinated as NFP continues to advance its integrated sales and marketing strategies.
Suzanne Spradley, Chief Compliance Officer, has joined NFP's Executive Management Committee. Spradley has joined the Executive Management Committee, and continues to serve as Chief Compliance Officer. Currently, she is responsible for spearheading NFP's insurance regulatory and compliance efforts, and helps to oversee corporate governance initiatives. Since joining NFP in 2007, Spradley has been a champion of NFP's commitment to operating its business with the highest regard for legal and regularity awareness, employee education and compliance. She has also played an integral role in NFP's Women in Leadership Council, an initiative committed to fostering a greater representation of women in leadership positions and to developing robust mentoring programs for emerging female leaders. This expanded role ensures that Spradley's expertise and advice are more immediately incorporated into all decisions made at NFP's highest management governance level.
Mark Grosvenor, Chief Technology Officer, promoted to Executive Vice President.
NFP's leadership recognizes the increasing importance of technology in our business and Grosvenor's outstanding contributions over the years. Since joining NFP in 2006, Grosvenor has been instrumental in developing and maintaining NFP's global cyber-security framework. He has also been key in ensuring that NFP's technology systems are best-in-class, while also remaining client friendly for our business.
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We're a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 4,000 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We've become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked the 4th largest U.S.-based privately-owned broker and the 5th largest benefits broker by global revenue by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue by Insurance Journal, the 11th largest global insurance broker by Best's Review and the 12th largest broker of U.S. business by Business Insurance.
For more information, visit NFP.com.
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