NFP Acquires Dublin-Based mostly P/C Broker Aiken Insurances

NFP, a New York City-dependent insurance policy broker and advisor, announced it has obtained Aiken Insurances Ltd. (AIL).

Money information of the offer had been not disclosed.

Dublin-primarily based AIL is a retail and business insurance policy broker which has correctly operated in professional sectors, together with qualified indemnity/administrators and officers liability insurance coverage, intricate professional legal responsibility and assets dangers, together with unoccupied residence, as effectively as the leisure and enjoyment and construction sectors.

NFP said the acquisition will add depth to its present P/C presenting as perfectly as new expertise in specialized insurance policies strains. As wholesale brokers in Ireland for sophisticated threats, Aiken is respected by a community of brokers through Ireland and maintains exclusive facilities as a Lloyd’s of London coverholder. The acquisition also continues the momentum of the ongoing expansion of NFP’s P/C capabilities in Europe, which will benefit clients across NFP’s business enterprise strains.

“NFP aims to be a chief in providing company and particular person options to help staff engagement, physical and fiscal wellbeing and insurance policies to safeguard corporations,” said Colm Energy, director, NFP Ireland. “The addition of Aiken to NFP is our 1st business insurance coverage acquisition in Eire and rounds out the NFP Ireland supplying of staff gains and consultancy, person wealth administration and commercial insurance policies, in line with the relaxation of NFP.”

The full AIL management crew of William Irwin, Cara Aiken, Stephen Mills, Andrew Quinn and Stephen Devereux will be a part of NFP. They will function with leaders across NFP and will keep on being completely engaged in the development of the company and carry additional benefit to clientele.

“We are delighted to welcome Cara, Willie and Stephen, and the whole workforce to the NFP family members,” mentioned John Paul Allcock, handling director, British isles and Ireland. “Aiken has created a superior-high-quality enterprise on an ethos of treatment for customers, personnel and insurers alike. These shared values make it a great in good shape for NFP and we know they will be a amazing addition.”

Resource: NFP

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Mergers
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House Casualty

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