NFP to expand London presence with broker acquisition

US headquartered broking and consulting firm NFP has acquired Advanced Insurance Consultants (AIC) as part of plans to expand its UK presence and commercial propositions, a statement released today (24 January 2024) revealed.

Hemel Hempstead-based AIC is a broker that specialises agriculture, marine, leisure, vehicle and construction industries.

While it mainly operates in the commercial lines space, it also provides personal insurance for individuals.

NFP said acquiring the firm would help further develop its client base across London and the wider south east as well as increase its capability to deliver integrated and specialised commercial solutions.

“AIC is well respected by its clients, peers and partners and has a brilliant team of insurance professionals supporting their operation,” said Matt Pawley, regional managing director of NFP in Europe.

“AIC will be a great addition to NFP as we help clients tackle their risk mitigation.”

Resources

NFP said it closed the acquisition on 15 December 2023.

As part of the deal, the entire AIC team will join NFP.

Chris Metcalfe, managing director of AIC, said his firm would make the most of the resources provided by NFP.

“AIC has enjoyed many successful years by leveraging our strengths, which is a testament to our first-rate, professional employees and ability to serve the diverse needs of our clients,” he added.

“Now we look forward to our next chapter by utilising the many additional resources that NFP brings, not only across insurance but also within the employee benefits and wealth management space.”