NEW YORK, Oct. 14, 2020 /PRNewswire-PRWeb/ -- NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced that Andrew Pendergast has joined the P&C division as a senior vice president. In this role, Pendergast will lead the special purpose acquisition company (SPAC) and general partnership liability (GPL) practice for the Merger & Acquisition Risk Solutions group at NFP.
Pendergast has been part of the specialty insurance profession for over a decade. He comes to NFP with experience forming and leading a SPAC practice and serving as a broking industry expert on the liability and exposures that SPACs face. With a focus on creating value for his clients, Pendergast excels in structuring and placing SPAC IPO and business combination insurance programs, GPL insurance programs for private equity, hedge fund and other alternative asset managers, and directors and officers (D&O) liability solutions for both public and private companies. Pendergast holds the Associate in Risk Management designation and will report to John McNally, managing director for the Merger & Acquisition Risk Solutions group.
"Andrew understands a client's goals and challenges, and assists those clients in navigating the complex risks of listing an IPO and related D&O exposures," said McNally. "Managing complexity requires specialized expertise, and Andrew has demonstrated an ability to help private equity funds and other sponsors manage partnership liability risks. We look forward to working with him and to introducing his capabilities to our current and future clients."
"Andrew is a great addition to the NFP team," said Henry Lombardi, executive vice president and head of NFP's Property & Casualty division. "He is a leader in the SPAC, GPL and D&O insurance space, and will be a valuable resource within our Merger & Acquisition Risk Solutions group. We look forward to his contributions to our efforts to grow market share with SPAC sponsors, private equity and hedge funds, and other financial services clients."
About NFP
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 5,700 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 12th largest global insurance broker (Best's Review).
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SOURCE NFP
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