NFP acquires Frontier Risk’s cannabis business

NFP has acquired the retail cannabis insurance business of Frontier Risk Group. Financial terms were not disclosed.

Frontier Risk provides insurance and risk management services to cannabis companies and other regulated-products businesses. Eric Schneider, senior vice president at Frontier Risk, will join NFP with the same title and report to Scott Foster, leader of NFP’s Healthcare and Life Sciences practice.

The acquisition expands NFP’s insurance capabilities for cannabis operators and complements its existing life sciences business.

Following the transaction, Frontier Risk will focus on Strata Specialty, its multi-program manager serving critical infrastructure and other specialized emerging risks.