NFP has announced its acquisition of Advanced Insurance Consultants Limited (AIC), an independent insurance broker located in Hemel Hempstead, near London.
The acquisition, finalised on December 15, will see the complete AIC team integrating into NFP. AIC is known for its specialised expertise in several sectors, including agriculture, marine, leisure, vehicle, and construction. The firm's service offerings extend beyond commercial insurance, as it also provides personal insurance solutions for individual clients.
Matt Pawley, the regional managing director of NFP in Europe, commented on the acquisition, highlighting AIC's strong reputation among its clients, peers, and partners.
“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,” Pawley said.
Chris Metcalfe, managing director of AIC, also reflected on the company's successful history, attributing it to the professional competency of their employees and their ability to meet the varied needs of their clientele.
“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,” Metcalfe said.
What are your thoughts on this story? Please feel free to share your comments below.
