2022 APR 22 (NewsRx) — By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News — NFP, a leading insurance broker and consultant providing property and casualty (P&C), corporate benefits, retirement, and individual solutions, announced it has acquired Irish-owned ReSure Corporate Brokers, a specialist commercial insurance broker. This latest announcement marks NFP’s third acquisition in Ireland within the past two years, having acquired local brokers HMP Insurance and Pension Advisors and Aiken Insurance Limited.
Established just over two years ago, Dublin-based ReSure currently employs 14 people and is among the fastest growing corporate insurance brokers in the Irish market, generating gross written premiums valued at more than €24m/$26.2m USD in 2021. To date, the business has focused on building and enhancing its specialist capabilities by supporting complex risk placements of restructuring, recycling, real estate, construction, domiciliary homecare and financial lines among others.
John Paul Allcock, UK and Ireland managing director at NFP, commented: “NFP always looks for quality over quantity and the market feedback about ReSure’s business, culture and management team was exemplary. We have acquired a great business with great clients, and a group of extremely talented brokers and client managers. Most importantly, we are confident they will fit into the culture of NFP, which encourages independence, entrepreneurial spirit, ethics and a focus on doing the right thing for employees and clients.”
ReSure’s directors, Aidan Brady, Ross Barron and Garry Fitzroy, have built on their deep experience over two decades working in the global and local insurance broking environment. The Directors and full team at ReSure will continue in their roles and remain fully engaged in the growth of the business, working with NFP to bring added value to new and existing clients.
“Our ambition at ReSure is to continue our incredible growth journey to scale the business and support our clients as they expand into new markets and sectors. In joining the NFP family, we also see great value in integrating our insurance solutions and services with NFP’s corporate benefits and wealth management clients.
I cannot let this moment pass without acknowledging the overwhelming support we have enjoyed from our loyal clients and our excitement in continuing our strong partnership for years to come,” said Aidan Brady, managing director at ReSure.
He added: “In NFP, we have found a likeminded partner with shared values that will help us accelerate and achieve this plan and help to create further opportunities for our talented team to continue to thrive and prosper.”
Commenting on what this latest acquisition means for NFP, Matt Pawley, NFP’s managing director in Europe said: “We are delighted to welcome the ReSure team to the NFP family. They are a great fit in terms of people, expertise and attention to customer service and relationships. We are very confident they will make significant contributions that elevate our business further in Ireland and across Europe as we continue to expand and seek new opportunities for growth, both organically and through further additional acquisitions.”
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