The global insurance broking group NFP has acquired Dublin-based health and life insurance advisors Tailored Finance Limited.
Established in 2008, Tailored Finance is one of the leading independent health insurance brokers in the Irish market, with gross written annual premiums at €25 million in 2021. This marks NFP’s fifth acquisition in Ireland in the last two years, but the first healthcare-related broker, signifying a broadening of NFP’s portfolio of services.
Tailored Finance will continue to service customers under its existing name while leading NFP’s healthcare and wellness proposition in Ireland. Its managing director, Jeremy Tucker, will join NFP and report to Colm Power, director of NFP in Ireland.
“Acquiring Tailored Finance’s boutique business is significant for our growth in Ireland, and I’m thrilled to welcome Jeremy and his team to NFP,” Power said. “They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisors in Ireland. Tailored Finance enhances our portfolio to deliver the healthcare solutions our clients need.”
“We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers,” Tucker said. “NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients. I want to thank my team for their tremendous work and commitment, and our customers and partners for their support. We look forward to continuing to create extraordinary value together.”
NFP’s latest acquisition continues the momentum of its ongoing expansion in Ireland, having recently acquired HMP Insurance and Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers and Simon Shirley Advisors.
“I’m delighted to welcome Tailored Finance to NFP,” said Matt Pawley, president of NFP in Europe. “We have acquired a business with a great reputation in the industry and in Ireland. They will provide invaluable insight into the health insurance market at a time when clients need more expertise and guidance to achieve their objectives.”
Globally, NFP employs more than 7,000 people.
