NFP, an insurance coverage broking and consulting firm, has acquired AIC for an undisclosed quantity.
AIC is an impartial insurance coverage dealer, which was initially based mostly in St Albans, Hertfordshire. It’s now positioned in Hemel Hempstead on the outskirts of London, UK.
The corporate offers specialised insurance coverage merchandise throughout numerous industries corresponding to marine, agriculture, retail and wholesale, business, leisure, car and development.
As well as, AIC additionally caters to private insurance coverage wants for people.
Via AIC’s acquisition, NFP goals to boost its business insurance coverage choices and likewise strengthen its shopper base in London and the South East area of the UK.
The strategic transfer, which was finalised final month, will see all the AIC group becoming a member of NFP.
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NFP Europe regional managing director Matt Pawley stated: “AIC is properly revered by its shoppers, friends and companions, and has an excellent group of insurance coverage professionals supporting their operation.
“This acquisition will bolster the shopper base of each organisations and improve our potential to ship built-in and specialised options. AIC shall be an ideal addition to NFP as we assist shoppers sort out their danger mitigation.”
The combination of AIC into NFP’s operations is predicted to bolster NFP’s presence in Europe, the place it operates as a global and home insurance coverage brokerage and consulting firm.
With greater than 500 professionals, NFP provides a variety of options to handle enterprise dangers and human capital wants, together with specialised business enterprise insurance coverage, worker advantages, well being and security, personal monetary planning and HR consultancy.
AIC managing director Chris Metcalfe stated: “AIC has loved many profitable years by leveraging our strengths, which is a testomony to our first-rate, skilled staff and skill to serve the various wants of our shoppers.
“Now we look ahead to our subsequent chapter by utilising the various extra assets that NFP brings, not solely throughout insurance coverage but in addition inside the worker advantages and wealth administration area.”
In October final yr, NFP confirmed the acquisition of impartial insurance coverage dealer Resolute Insurance coverage Providers to additional increase its presence and buyer community within the West Midlands, UK.
