NFP, an international insurance broking and consulting firm, has successfully acquired Advanced Insurance Consultants Limited (AIC) to expand its commercial insurance offering.
The move, which was finalised on December 15, involves the entire AIC team becoming part of NFP. While the specific value of the deal is not disclosed in the provided information, the move signals a strategic expansion for NFP.
It is aimed at bolstering the client base of both NFP and AIC, enhancing their ability to deliver integrated and specialised solutions.
The expertise of AIC, particularly in sectors like agriculture, marine, leisure, vehicle, and construction, aligns seamlessly with NFP’s strategic goals. The acquisition is not only expected to strengthen NFP’s market presence but also enhance its capabilities in risk mitigation and client solutions.
NFP is a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor.
Operating through licensed subsidiaries and affiliates, NFP in Europe focuses on business and people risk solutions across various domains, including commercial insurance, health and safety consultancy, employee benefits, human resources, private and personal solutions, and wealth management.
NFP boasts a global team of over 8,000 experts and cultivates enduring relationships with top-rated insurers, providers, and financial institutions.
Advanced Insurance Consultants Limited (AIC) is an independent insurance broker situated in Hemel Hempstead.
With specialised expertise in industries such as agriculture, marine, leisure, vehicle, and construction, AIC serves as a commercial insurance broker. Additionally, AIC extends its services to provide personal insurance solutions for individuals.
Matt Pawley, regional managing director, NFP in Europe, said, “AIC is well respected by its clients, peers and partners, and has a brilliant team of insurance professionals supporting their operation. This acquisition will bolster the client base of both organisations and increase our ability to deliver integrated and specialised solutions. AIC will be a great addition to NFP as we help clients tackle their risk mitigation.”
Chris Metcalfe, managing director of AIC, said, “AIC has enjoyed many successful years by leveraging our strengths, which is a testament to our first-rate, professional employees and ability to serve the diverse needs of our clients. Now we look forward to our next chapter by utilising the many additional resources that NFP brings, not only across insurance but also within the employee benefits and wealth management space.”
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