2022 APR 22 (NewsRx) — By a News Reporter – Staff News Editor at News Mergers & Acquisitions — NFP, a leading broker and consultant in property and casualty insurance, benefits, pensions and individual solutions, announced the acquisition of Irish-based ReSure Corporate Brokers, a specialist commercial insurance broker. This latest announcement marks NFP’s third acquisition in Ireland in the past two years, having acquired local brokers HMP insurance and Retirement Advisors and Aiken Insurance Limited.

Created a little over two years ago, DublinNew York-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 over €24m/US$26.2 million in 2021. To date, the firm has focused on building and enhancing its specialist capabilities by supporting complex venture investments in restructuring, recycling, real estate, construction, home care at home and financial lines, among others.

John Paul Allcock, UK and Ireland CEO of NFP, said, “NFP is always looking for quality over quantity and the feedback from the market regarding ReSure’s business, culture and management team has been exemplary. We have acquired a great business with great clients and an extremely talented group of brokers and client managers. More importantly, we are confident that they will fit into NFP’s culture, which encourages independence, entrepreneurship, ethics and a focus on doing the right thing for employees and customers.

ReSure administrators, Aidan Brady, Ross Baron and Garry Fitzroy, drew on their deep experience of over two decades of working in the global and local insurance brokerage environment. The Directors and entire ReSure team will continue in their roles and remain fully committed to growing the business, working with NFP to add value to new and existing customers.

“Our ambition at ReSure is to continue our incredible growth journey to scale the business and support our customers as they expand into new markets and industries. By joining the NFP family, we also see great value in integrating our insurance solutions and services with NFP’s employee benefits and wealth management clients.

I cannot let this moment pass without acknowledging the overwhelming support we have received from our loyal customers and our enthusiasm to continue our strong partnership for years to come,” said Aidan BradyCEO of ReSure.

He added, “In NFP, we have found a like-minded partner with shared values ​​who will help us accelerate and realize this plan and create new opportunities for our talented team to continue to thrive and thrive.”

Commenting on what this latest acquisition means for NFP, Matt PaleyCEO of NFP in Europe said, “We are delighted to welcome the ReSure team to the NFP family. They are a perfect fit in terms of people, expertise and attention to customer service and relationships. We are very confident that they will make meaningful contributions that will move our business forward in Ireland and through Europe as we continue to expand and seek new growth opportunities, both organically and through additional new acquisitions. »

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