NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty insurance company that has focused on the marijuana industry.

Frontier is based in Norwalk, Connecticut. Eric Scheider, senior vice president at Frontier, will join NFP with the same title and will report to Scott Foster, healthcare and life sciences practice leader for NFP, the company said in a news release.

“Frontier Risk’s cannabis business is a natural fit for our Life Sciences practice,” said Foster. “Their specialized expertise in the cannabis sector expands our ability to serve businesses operating in highly regulated industries.”

Following the sale, Frontier will focus on scaling its Strata Specialty, a multi-program manager for critical infrastructure and other specialized areas.

NFP has headquarters in New York. Aon’s North American operations are based out of Chicago.

Topics Mergers & Acquisitions Aon Cannabis