Insurance coverage dealer and advisor NFP has acquired impartial insurance coverage dealer Resolute Insurance coverage Providers to increase its consumer base within the West Midlands, UK.
The phrases of the deal weren’t disclosed by the businesses.
Resolute supplies varied merchandise throughout the industrial insurance coverage trade.
The deal provides Resolute and its purchasers entry to NFP’s world portfolio of complementary specialists and group advantages, wealth, threat, and pension options.
NFP mentioned the acquisition expands its industrial insurance coverage product choices whereas serving to in fast-tracking Resolute’s efforts to offer further options to purchasers.
NFP Europe group managing director John Paul Allcock mentioned: “We’re excited to welcome the Resolute staff to NFP.
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“We’re all the time open to participating with like-minded insurance coverage brokers and increasing our enterprise operations by integrating companies resembling Resolute that share our tradition and values. Resolute might be an ideal asset to NFP as we spend money on the staff and their progress.”
The senior administration staff at Resolute will proceed with NFP as key producers throughout the enterprise.
David Cox will proceed to behave as managing director and can work intently with Allcock.
Cox mentioned: “We’re excited to hitch the NFP household and supply our industrial purchasers with entry to an array of latest options and merchandise that span past industrial insurance coverage.
“Our staff and enterprise will profit from the help that comes from NFP’s wider company umbrella.”
Lately, NFP acquired UK-based Cronin Insurance coverage Consultancy (Cronin) for an undisclosed sum.
NFP mentioned the acquisition of the industrial insurance coverage middleman expands its presence within the area and allows Cronin to supply its purchasers built-in threat administration options.