Global insurance broking group NFP has acquired Dublin-based commercial insurance broker Aiken Insurances Limited (AIL) for an undisclosed sum.
“The addition of Aiken to NFP is our first commercial insurance acquisition in Ireland and rounds out the NFP Ireland offering of employee benefits and consultancy, individual wealth management, and commercial insurance, in line with the rest of NFP,” noted NFP Ireland director Colm Power.
Snapping up the Lloyd’s coverholder continues NFP’s expansion of the group’s property and casualty capabilities in Europe and adds expertise in specialised insurance lines. AIL operates in professional indemnity and directors’ and officers’ liability insurance, complex commercial liability and property risks, as well as in the areas of construction and leisure and entertainment.
Under the deal, AIL bosses William Irwin, Cara Aiken, Stephen Mills, Andrew Quinn, and Stephen Devereux will all become part of the wider business.
“We’re thrilled to join NFP," said AIL managing director William Irwin. “Our shared strategic vision will enable the close collaboration necessary to drive results. NFP is a fast-growing and dynamic group, and we look forward to managing all aspects of our clients’ businesses together as we identify new opportunities for them to achieve their goals.”
Meanwhile, NFP UK and Ireland MD John Paul Allcock commented: “We are delighted to welcome Cara, Willie, and Stephen, and the whole team to the NFP family. “Aiken has built a high-quality business on an ethos of care for customers, employees, and insurers alike. These shared values make it a perfect fit for NFP, and we know they will be a fantastic addition.”
