NFP makes Dublin swoop | Insurance coverage Enterprise
Global insurance broker group NFP has acquired Dublin-based commercial insurance broker Aiken Insurances Limited (AIL) for an undisclosed amount.
“The addition of Aiken to NFP is our first commercial insurance undertaking in Ireland and complements NFP Ireland’s offering of employee benefits and advice, individual asset management and commercial insurance in line with the rest of NFP,” said Colm., Director of NFP Ireland performance.
With the takeover of Lloyd’s Coverholder, NFP continues to expand the Group’s property and casualty insurance capacities in Europe and adds expertise in specialized insurance lines. AIL is active in the areas of professional liability and corporate liability insurance, complex public liability and property risks as well as in the areas of construction, leisure and entertainment.
Under the agreement, AIL executives William Irwin, Cara Aiken, Stephen Mills, Andrew Quinn and Stephen Devereux will become part of the wider business.
“We are very excited to join NFP,” said AIL Managing Director William Irwin. “Our shared strategic vision will enable the close collaboration necessary to produce results. NFP is a rapidly growing and dynamic group and we look forward to managing all aspects of our clients’ businesses together while we identify new opportunities for them to achieve their goals. “
John Paul Allcock, Managing Director of NFP UK and Ireland, commented: “We are excited to welcome Cara, Willie and Stephen and the entire team to the NFP family. “Aiken has built a quality business based on an ethos of caring for customers, employees and insurers alike. These shared values are a perfect fit for NFP and we know they will be a fantastic addition. “
