Insurance
Home›Insurance›Industry & Deals›NFP buys Frontier Risk retail cannabis insurance busin…
NFP buys Frontier Risk retail cannabis insurance business
The deal follows cannabis rescheduling from Schedule I to Schedule III, which NFP said changes the regulatory and risk landscape for operators.
NFP, an Aon company, has acquired the retail cannabis insurance business of Frontier Risk Group, a specialty insurer that focuses on cannabis and other regulated-products clients, according to Insurance Business. Financial terms of the transaction were not disclosed.
Frontier Risk built its cannabis insurance placement and risk management advisory offering around the operational and regulatory demands of the industry. Under the deal, Eric Schneider, Frontier Risk's senior vice president, joins NFP in the same role, reporting to Scott Foster, who leads NFP's healthcare and life sciences practice.
After the sale, Frontier Risk will shift its focus to Strata Specialty, its separate multi-program manager business serving critical infrastructure and other emerging specialty categories. NFP commercial risk president Tom Gillingham said the acquisition builds on a business Frontier Risk had already developed with clients, and that pairing Frontier Risk expertise with NFP's risk management capabilities should help deliver more tailored solutions.
The transaction comes as US cannabis regulation has been changing. Insurance Business notes that a White House executive order signed in December 2025 directed cannabis rescheduling from Schedule I to Schedule III, and that by spring 2026 the DEA had created a formal dispensary registration process reflecting the shift.