US-based property and casualty insurance coverage dealer NFP has acquired Mason James Insurance coverage Providers for an undisclosed sum.
The acquired agency operates as Bentley Insurance coverage Providers and is engaged in providing complicated business and private insurance coverage options since 1922.
Bentley’s acquisition is a part of NFP’s development technique and provides one other service-orientated dealer to NFP’s operations within the UK.
Following the acquisition, Bentley will proceed working out of its workplace in Staffordshire with no change in how current purchasers will probably be suggested and managed by their dealer.
As a part of the settlement, Bentley managing director Mike Rostron will be a part of NFP’s business insurance coverage management crew within the UK.
NFP UK and Eire managing director John Paul Allcock stated: “Bentley Insurance coverage Providers has a longstanding presence in Staffordshire, a terrific status, sturdy management and well-earned belief within the area, making them an ideal companion for NFP.
“The final two years have been notably difficult for organisations and shoppers alike, and their insurance coverage wants have developed.
“This partnership permits us to supply providers to companies within the Midlands that extra successfully meet the challenges our purchasers face right now.”
Rostron stated: “We’re excited to affix the NFP household and collaborate with colleagues that share our dedication to offering client-centric options and sustaining a people-first work tradition.
“This unimaginable alternative additionally permits us to supply our purchasers entry to NFP’s broad community of built-in insurance coverage, advantages, wealth administration and retirement options.”
Final month, NFP acquired Quantum Danger Options, a managing normal underwriter (MGU) and wholesaler.