Global insurance and benefits broker NFP announced its acquisition of Levine Group, LLC, a financial services firm based in Brentwood, Tennessee.
Levine Group has been serving Nashville and the surrounding area since 1963. The firm offers investment ma
nagement, retirement plan consulting, employee benefits and insurance.
Michael Levine, who leads Levine Group, will join NFP, working with
Mike Schneider, president of NFP’s Central and West regions. Trevor Coe and Zach Levine will also join NFP.
Terms of the deal were not disclosed.
NFP, an Aon company, has more than 8,000 colleagues in the U.S., Puerto Rico, Canada, UK and Ireland.
AIG said it expects to start writing policies for existing Everest clients, except in the EU, on January 1, 2026. D
uring the first quarter 2026 AIG foresees doing the same in the EU.
Terms of the deal, which is subject to regulatory approvals, were not disclosed.
Everest also announced a new operating structure for new insurance division, which Everest Global Mar
kets and Everest Evolution, as well as underwriting programs, credit and political risk, surety, and accident & health business lines.
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Jason Keen has been appointed CEO of Global Wholesale and Spec
ialty Insurance and will lead efforts to strengthen Everest’s position in the E&S market.
Zaffino said AIG will work closely with the Everest team “to ensure
a seamless transition for clients and brokers,” and the company with continue to work with Everest as a reinsurance partner.
The additions to the portfolio with fall within AIG’s General Insuranc
e segment, which will be led by former Lloyd’s CEO John Neal, who was hired in July and starts at AIG on Dec. 1.
Earlier this month, AIG announced the retirement of Don Bailey, head
of commercial insurance in North America, at the end of the year. Beginning Jan. 1, Allison Cooper and Barbara Luck w
ill be co-presidents of AIG’s retail commercial business in North
America. Lou Levinson will be president of wholesale for North America Commercial.
For the second quarter General Insurance posted a combined ratio of 8
9.3 compared with 92.5 a year ago during the same period. Premium
growth was driven by 4% growth in North America commercial, where underwriting income jumped 58% to $301
million. Underwriting income for International commercial was up 30% to $300 million in Q2.