NFP snaps up Irish broker for European expansion
Insurance broker NFP has snapped up a fast-growing corporate insurance brokerage in the Irish market, generating gross written premiums of more than €24 million in 2021, just two years after its launch.
Dublin-based specialist commercial insurance brokerage ReSure specialises in complex risk placements in restructuring, recycling, real estate, construction, domiciliary homecare and financial lines, among others.
ReSure is NFP’s third acquisition in Ireland within the past two years, having acquired local brokers HMP Insurance and Pension Advisors and Aiken Insurance.
“We are very confident they [ReSure] 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 additional smart acquisitions,” said Matt Pawley (pictured), NFP’s managing director in Europe.
John Paul Allcock, UK and Ireland managing director at NFP, added: “We have acquired a terrific business with great clients and 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.”
Aidan Brady, managing director at ReSure, stated: “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.”
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