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NFP, an insurance coverage broking and consulting firm, has acquired AIC for an undisclosed quantity.
AIC is an unbiased insurance coverage dealer, which was initially primarily based in St Albans, Hertfordshire. It’s now situated in Hemel Hempstead on the outskirts of London, UK.
The corporate supplies specialised insurance coverage merchandise throughout varied industries reminiscent of marine, agriculture, retail and wholesale, industrial, leisure, car and development.
As well as, AIC additionally caters to private insurance coverage wants for people.
By AIC’s acquisition, NFP goals to reinforce its industrial insurance coverage choices and in addition strengthen its shopper base in London and the South East area of the UK.
The strategic transfer, which was finalised final month, will see your entire AIC group becoming a member of NFP.
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NFP Europe regional managing director Matt Pawley mentioned: “AIC is effectively revered by its purchasers, friends and companions, and has a superb group of insurance coverage professionals supporting their operation.
“This acquisition will bolster the shopper base of each organisations and enhance our skill to ship built-in and specialised options. AIC will probably be an incredible addition to NFP as we assist purchasers sort out their threat mitigation.”
The mixing of AIC into NFP’s operations is anticipated to bolster NFP’s presence in Europe, the place it operates as a global and home insurance coverage brokerage and consulting firm.
With greater than 500 professionals, NFP affords a variety of options to handle enterprise dangers and human capital wants, together with specialised industrial enterprise insurance coverage, worker advantages, well being and security, non-public monetary planning and HR consultancy.
AIC managing director Chris Metcalfe mentioned: “AIC has loved many profitable years by leveraging our strengths, which is a testomony to our first-rate, skilled workers and talent to serve the varied wants of our purchasers.
“Now we stay up for our subsequent chapter by utilising the numerous extra sources that NFP brings, not solely throughout insurance coverage but in addition inside the worker advantages and wealth administration house.”
In October final 12 months, NFP confirmed the acquisition of unbiased insurance coverage dealer Resolute Insurance coverage Providers to additional broaden its presence and buyer community within the West Midlands, UK.
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