Insurance Law
NFP acquires Resolute Insurance coverage Providers
Insurance coverage dealer and marketing consultant NFP has acquired unbiased 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 gives varied merchandise throughout the business insurance coverage business.
The deal offers Resolute and its shoppers entry to NFP’s international portfolio of complementary specialists and group advantages, wealth, threat, and pension options.
NFP stated the acquisition expands its business insurance coverage product choices whereas serving to in fast-tracking Resolute’s efforts to offer extra options to shoppers.
NFP Europe group managing director John Paul Allcock stated: “We’re excited to welcome the Resolute crew to NFP.
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“We’re at all times open to partaking with like-minded insurance coverage brokers and increasing our enterprise operations by integrating companies equivalent to Resolute that share our tradition and values. Resolute shall be an ideal asset to NFP as we put money into the crew and their development.”
The senior administration crew at Resolute will proceed with NFP as key producers throughout the enterprise.
David Cox will proceed to behave as managing director and can work carefully with Allcock.
Cox stated: “We’re excited to affix the NFP household and supply our business shoppers with entry to an array of recent options and merchandise that span past business insurance coverage.
“Our crew and enterprise will profit from the assist that comes from NFP’s wider company umbrella.”
Not too long ago, NFP acquired UK-based Cronin Insurance coverage Consultancy (Cronin) for an undisclosed sum.
NFP stated the acquisition of the business insurance coverage middleman expands its presence within the area and permits Cronin to supply its shoppers built-in threat administration options.
