Home > General > US based insurance broker NFP embarks on growth plans for Ireland

US based insurance broker NFP embarks on growth plans for Ireland

Written by Robert McHugh, on 5th Oct 2020. Posted in General

article headline

NFP, a insurance broker and consultant providing employee benefits, property and casualty (P&C), retirement and individual solutions, today announced expansion plans to significantly scale its Irish business operations.

This follows its very recent entry into the insurance broker market in Ireland with the acquisition of Dublin-based HMP Insurance & Pension Advisors Limited (HMP). Having now completed its rebrand from HMP to NFP and operating as part of the global NFP broker network, the local firm expects to double its workforce and significantly grow its business. 

The rebrand is expected to more fully integrate the local business into the global broker network, leveraging smart technology platforms and access to specialist expertise while remaining independent in the advice given to clients.

NFP was founded in 2006 by directors David Moore and Colm Power. The acquisition of the business by NFP now paves the way for the business to accelerate its growth plans both organically and through other strategic acquisitions in the local market.

Both David Moore and Colm Power will continue to drive the business in Ireland reporting to Matt Pawley, Managing Director of NFP’s UK & Ireland business.

Commenting on the expansion, Matt Pawley said, "We believe that investing in Ireland is strategically important as we continue to plan for the impact of Brexit on clients and our ability to serve them. Ireland is well placed to become a European hub for our business as we continue to expand into new geographic territories, but the local market also provides great domestic business opportunities and potential with many US and global corporate HQs based here."

Source: www.businessworld.ie

More articles from General

image Description

Aer Lingus owner warns of deepening travel slump as losses mount

Read more
image Description

Irish family businesses offer greater flexibility for female leaders

Read more
image Description

89% say working from home is costing them money

Read more
image Description

Need for all island collaboration has never been greater says Ibec

Read more
image Description

Chargify to open EMEA HQ in Dublin

Read more