Appointment creates path to accelerate growth and differentiation in key specialty business
NEW YORK, July 1, 2020 /PRNewswire-PRWeb/ -- NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, today announced the appointment of Thomas Sheffield, a managing director with the company, to lead the Management and Professional Liability group. This move aligns with NFP's continued focus on expanding their specialty industry and product capabilities and further enhancing their ability to meet the dynamic and complex risks clients face.
Sheffield, who joined NFP in 2019, will lead the team charged with driving growth across NFP's management and professional liability business, including directors and officers, employment practices and fiduciary liability, cyber, professional liability, trade credit, and kidnap and ransom. Sheffield has more than 20 years of experience helping companies manage complex risk insurance programs, providing clients with expertise and professional service. Based in New York City, Sheffield will report to Henry Lombardi, EVP and head of NFP Property and Casualty.
In addition, Will Walker, a senior vice president with the company, has been appointed to lead NFP's management liability panels. The Specialty panels provide clients with best-in-class terms, conditions and service with premier carriers, supported by NFP-specific coverage. Walker will work closely with Sheffield and the entire team to deliver the benefits of the panel to clients while continuing to refine and improve the program structure and coverage.
"These are exciting leadership changes for an important and increasingly complex part of our business," said Lombardi. "With the rapid transition we've seen in the management liability space, we continue to take steps to create value for clients through focused leadership and specialized expertise and capabilities. We look forward to Tom and Will's contributions to our growth and success."
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best's Review).
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