NFP Acquires Hamilton Insurance Agency to Enhance Senior Living Solutions
NFP, a branch of Aon and a leading broker in property and casualty insurance as well as benefits consulting, has officially acquired Hamilton Insurance Agency, a prominent brokerage firm based in Fairfax, Virginia. With nearly half a century of experience, Hamilton has been a key player in the senior living and long-term care insurance markets, establishing itself as one of the most significant independent brokerages in the United States.
As part of the acquisition, Alan Zuccari, Hamilton's president, CEO, and founder, will become chairman emeritus. Joe Zuccari will step into the role of senior vice president at NFP, while Jason Zuccari will continue to serve as managing director, focusing on strategic initiatives at NFP. The leadership team will report directly to Ethan Foxman, who manages NFP's operations in the Atlantic region.
This strategic acquisition aims to enhance NFP’s offerings in senior living and long-term care insurance solutions, bolstering its commitment to delivering superior value and integrated services to clients in the DC metro area and beyond. Hamilton's longstanding history of providing comprehensive insurance solutions, risk management services, and advanced benefits administration under the leadership of the Zuccari family complements NFP’s goals.
The transaction also involves the integration of Hamilton's technological frameworks for benefits administration and risk management, including BeneLink Connect and the Electronic Risk Management Assistant. These tools are expected to strengthen NFP's technological capabilities, enhancing service delivery and expanding solutions available to clients within the senior living and long-term care insurance industries.
NFP’s expansion through this acquisition aligns with its broader strategy to integrate risk and human capital solutions across various sectors and geographic regions. By leveraging the strengths of both organizations, NFP aims to deliver specialized and innovative insurance products, ensuring adherence to regulatory compliance requirements in the rapidly evolving insurance landscape.