NFP, the New York Metropolis-based property/casualty insurance coverage dealer and marketing consultant, has acquired Irish-owned ReSure Company Brokers, a specialist business insurance coverage dealer.
Monetary particulars of the transaction weren’t disclosed.
This newest announcement marks NFP’s third acquisition in Eire inside the previous two years, having acquired native brokers HMP Insurance coverage and Pension Advisors and Aiken Insurance coverage Ltd.
Established simply over two years in the past, Dublin-based ReSure at present employs 14 individuals and is among the many quickest rising company insurance coverage brokers within the Irish market, producing gross written premiums valued at greater than €24 million ($26.2 million) in 2021. To this point, the enterprise has centered on constructing and enhancing its specialist capabilities by supporting advanced danger placements of restructuring, recycling, actual property, building, domiciliary homecare and monetary traces amongst others.
ReSure’s administrators, Aidan Brady, Ross Barron and Garry Fitzroy, have constructed their experience over twenty years working within the world and native insurance coverage broking surroundings. The administrators and full staff at ReSure will proceed of their roles and stay absolutely engaged within the progress of the enterprise, working with NFP to convey added worth to new and present purchasers, stated NFP in an announcement.
“We’ve acquired an amazing enterprise with nice purchasers, and a bunch of extraordinarily proficient brokers and shopper managers. Most significantly, we’re assured they’ll match into the tradition of NFP, which inspires independence, entrepreneurial spirit, ethics and a concentrate on doing the fitting factor for workers and purchasers,” commented John Paul Allcock, UK and Eire managing director at NFP.
“Our ambition at ReSure is to proceed our unimaginable progress journey to scale the enterprise and assist our purchasers as they increase into new markets and sectors. In becoming a member of the NFP household, we additionally see nice worth in integrating our insurance coverage options and companies with NFP’s company advantages and wealth administration purchasers,” stated Aidan Brady, managing director at ReSure.
With greater than 6,600 world staff, NFP is the fifth largest advantages dealer by world income, seventh largest U.S.-based privately owned dealer.
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