NFP has announced the acquisition of West Midlands-based broker Resolute Insurance Services in a move to expand its commercial insurance offerings.
The deal will also provide Resolute access to NFP’s global portfolio of complementary specialists and group benefits, risk management, wealth management, and pension solutions, according to an emailed news release.
“We’re excited to welcome the Resolute team to NFP,” said John Paul Allcock, group managing director, NFP in Europe. “We’re always open to engaging with like-minded insurance brokers and expanding our business operations by integrating firms, such as Resolute, that share our culture and values. Resolute will be a great asset to NFP as we invest in the team and their growth.”
Resolute offers a diverse range of commercial insurance products to clients across the Midlands, including commercial property owners insurance, motor trade insurance, employers liability, professional indemnity, product recall and guarantee insurance, cyber risk insurance, and directors and officers insurance.
As part of the acquisition, Resolute’s senior management team will continue their roles within NFP. David Cox will maintain his role as managing director, working closely with Allcock.
“We are excited to join the NFP family and provide our commercial clients with access to an array of new solutions and products that span beyond commercial insurance,” said Cox. “Our team and business will benefit from the support that comes from NFP’s wider corporate umbrella.”
NFP’s latest UK acquisition comes after it swooped for another West Midlands firm earlier this year. In April, the global brokerage announced that it acquired community insurance broker and risk advisor Gravity Risk Services Ltd, which serves clients from its Stourbridge, West Midlands location.
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