NFP

The exec was speaking alongside Doug Hammond after Aon agreed to buy NFP.

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.

NFP will need to be brought close enough to realize the benefits, but not so close its talent feels smothered.

The CEO also disclosed that the break fee on the takeover is $250mn.

She will work with Atlantic Region, industry group, and risk practice leaders to grow NFP’s commercial P&C business.

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.

The question of how to finance the private brokers no longer begins and ends with a PE flip.

Based in Birmingham, Alabama, the executive will report to NFP management, cyber and professional liability managing director Matthew Schott.

Increased cost of capital is cooling tuck-in M&A, encouraging a pivot to organic growth and forcing greater creativity around financing.

The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.

The broker appointed Marc Tauber to lead FIG’s broking and advisory team, Patrick O’Neill to head large accounts and Justin Corey to oversee business development.

The group will provide clients with construction and surety services designed for complex national and cross-border projects.