NFP Buys UK-Based mostly Resolute Insurance coverage Companies

NFP, a New York Metropolis-based property/casualty dealer, introduced it has acquired Resolute Insurance coverage Companies, an unbiased insurance coverage dealer based mostly within the West Midlands.

Monetary particulars of the deal weren’t disclosed. NFP stated the acquisition expands its industrial insurance coverage product choices and accelerates Resolute’s plans to supply extra options to shoppers.

Resolute presents its shoppers a various mixture of merchandise throughout industrial insurance coverage. The acquisition gives Resolute and its consumer base with entry to NFP’s world portfolio of complementary specialists and group advantages, threat, wealth, and pension options, resulting in enhanced enterprise help and consumer service.

“We’re excited to welcome the Resolute group to NFP,” stated John Paul Allcock, group managing director, NFP in Europe. “We’re all the time open to partaking with like-minded insurance coverage brokers and increasing our enterprise operations by integrating companies, similar to Resolute, that share our tradition and values. Resolute shall be an amazing asset to NFP as we spend money on the group and their development.”

Resolute’s senior administration group will proceed with NFP as key producers inside the enterprise, with David Cox remaining a managing director working carefully with Allcock.

“We’re excited to hitch the NFP household and supply our industrial shoppers with entry to an array of recent options and merchandise that span past industrial insurance coverage,” stated Cox. “Our group and enterprise will profit from the help that comes from NFP’s wider company umbrella.”

Supply: NFP

Matters
Mergers & Acquisitions