NEW YORK – October 8, 2020 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced that Charles Sternberg has joined its P&C division as a senior vice president. He will lead the insurance placement and portfolio management team for NFP’s Merger & Acquisition Risk Solutions group.
Sternberg has nearly 20 years of insurance and risk management experience, including more than 12 years serving in due diligence roles. With a focus on creating value for private equity and other clients, Sternberg excels at structuring and implementing portfolio programs, reviewing contracts and insurance programs, marketing and placing property and casualty policies, and aligning complementary insurance solutions with the needs of his clients.
Sternberg holds his Chartered Property Casualty Underwriter (CPCU), Registered Professional Liability Underwriter (RPLU) and Associate in Risk Management (ARM) designations. He will report to John McNally, managing director of NFP’s Merger & Acquisition Risk Solutions group.
“Charles brings a level of expertise that further elevates the value we deliver to private equity firms and others active in the M&A space,” said McNally. “Each transaction comes with its own complex risks, making it essential for clients to work with partners who have the vision, specialized insight and experience to help them seize opportunities and overcome obstacles. Our current and future clients will benefit from his contributions to our team.”
“We’re excited to welcome Charles to NFP,” said Henry Lombardi, executive vice president and head of NFP’s P&C division. “With every business facing increased complexity, adding someone with Charles’ knowledge, relationships and capabilities to our Merger & Acquisition Risk Solutions group advances our effectiveness in understanding the needs of private equity firms and portfolio companies and helping them navigate to the right solutions.”
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).