NFP unveils fifth acquisition in Irish market
Property and casualty broker NFP has unveiled its fifth acquisition in the Irish market within two years as part of its ongoing expansion in Ireland.
The company has acquired Dublin-based health and life insurance broker Tailored Finance. This is NFP’s first healthcare-focused acquisition in the Irish market.
Established in 2008, Tailored Finance generated gross written annual premiums last year valued at €25 million. The company will continue to service customers under its existing name while leading NFP’s healthcare and wellness proposition in Ireland.
Following the deal, Tailored Finance’s managing director Jeremy Tucker will join NFP as a director.
Colm Power, director, NFP in Ireland, said: “Acquiring Tailored Finance’s boutique business is significant for our growth in Ireland, and I’m thrilled to welcome Jeremy and his team to NFP. They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisors in Ireland. Tailored Finance enhances our portfolio to deliver the healthcare solutions our clients need.”
Tucker added: “We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers. NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients. I want to thank my team for their tremendous work and commitment, and our customers and partners for their support. We look forward to continuing to create extraordinary value together.”
Matt Pawley, president, NFP in Europe, commented: “We have acquired a business with a great reputation in the industry and in Ireland. They will provide invaluable insight into the health insurance market at a time when clients need more expertise and guidance to achieve their objectives.”
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