Global broking group NFP has acquired ReSure Corporate Brokers (ReSure), an Irish-owned specialist commercial insurance broker.
Established over two years ago, ReSure is among the fastest-growing commercial insurance brokers in Ireland and the UK, having seen over €24 million gross written premium (GWP) in the Irish and the UK markets in 2021 and expecting to reach €30 million GWP in 2022. It currently focuses on enhancing its specialist capabilities by supporting complex risk placements in restructuring, recycling, real estate, construction, domiciliary homecare, and financial lines, among others.
The deal will see ReSure’s directors – Aidan Brady, Ross Barron, and Garry Fitzroy – and employees continue in their roles and remain fully engaged in the business’s growth, working with NFP.
“I cannot let this moment pass without acknowledging the overwhelming support we have enjoyed from our loyal clients and our excitement in continuing our strong partnership for years to come,” Brady said, adding that he sees great value in integrating ReSure’s insurance solutions and services with NFP’s corporate benefits and wealth management clients.
“Our ambition at ReSure is to continue our incredible growth journey to scale the business and support our clients as they expand into new markets and sectors,” he continued. “In NFP, we have found a likeminded partner with shared values that will help us accelerate and achieve this plan and help create further opportunities for our talented team to continue to thrive and prosper.”
The ReSure swoop is NFP’s third acquisition in Ireland within the past two years, having acquired brokers HMP Insurance and Pension Advisors and Aiken Insurance Limited.
Matt Pawley, managing director in Europe at NFP, said he is confident that the Irish-owned broker will enable NFP to elevate its business further in Ireland and across Europe as it grows organically and through additional strategic acquisitions.
“We are delighted to welcome the ReSure team to the NFP family. They are a great fit in terms of people, expertise, and attention to customer service and relationships,” Pawley continued.
John Paul Allcock, UK and Ireland managing director at NFP, added: “NFP always looks for quality over quantity, and the market feedback about ReSure’s business, culture, and management team was exemplary. We have acquired a terrific business with great clients and extremely talented brokers and client managers. Most importantly, we are confident they will fit into the culture of NFP, which encourages independence, entrepreneurial spirit, ethics, and a focus on doing the right thing for employees and clients.”
