Global insurance broking group NFP has made its fourth acquisition in Ireland in the past two years, snapping up Simon Shirley Advisors (SSA) effective this month.
A boutique financial advisory firm, Dublin-based SSA will continue to operate under its current branding for now, before eventually integrating under the NFP name. SSA’s full line-up, including founder and chief executive Simon Shirley, will become part of NFP.
The CEO commented: “NFP is the perfect partner for us. This acquisition is based around existing symmetries in the businesses where growth is the primary driver. By integrating with NFP, we will have even more resources and support to serve clients, grow our business, and invest in our employees. It is an exciting next step for Simon Shirley Advisors and our like-minded partner, NFP.”
Aside from being a property & casualty broker, NFP is also a benefits consultant, wealth manager, and retirement plan advisor. SSA, whose funds under advice stood at more than €180 million as of the end of last year, forms part of NFP’s wealth management business in Ireland.
“As the Irish economy continues to flourish, we see the employee benefits and wealth management sectors providing a large growth opportunity,” said NFP UK & Ireland managing director Matt Pawley.
“With this latest acquisition of Simon Shirley Advisors, we are building scale, with a terrific base of clients and talent from which to continue developing and growing our presence in the market. Simon and his team bring a breadth and depth of experience in the Irish market, particularly around employee benefits and working with high-net-worth individuals.”
NFP’s previous swoops in the country are HMP Insurance and Pensions Advisors, Aiken Insurance, and ReSure Corporate Brokers.
