NFP, a US-based property and casualty insurance coverage middleman, is bolstering its UK enterprise by buying Direct Security Options, a well being and security consultancy.
The monetary worth of the deal was not disclosed.
By way of the acquisition, NFP hopes to mix the acquired agency’s customised well being and security options with its business insurance coverage, worker advantages, and human assets providers.
Direct Security Options caters to employers throughout a spread of sectors by providing audits, provision of insurance policies and administration techniques, danger assessments, coaching, and help packages.
NFP Europe president Matt Pawley mentioned: “We’re continuously searching for alternatives to develop our choices, and Direct Security Options provides a vital full-service providing to assist purchasers handle their well being and security dangers in a wise, cost-effective method.
“This enhances our means to satisfy the evolving wants of our rising portfolio of consumers by way of a various suite of assets.”
Below the phrases of the settlement, Direct Security Options managing director Jonathan Williams will turn out to be a member of NFP’s UK administration group.
Williams mentioned: “We’re delighted to hitch the NFP household and its colleagues who share our dedication to offering client-focused options.
“This fabulous alternative additionally permits our purchasers to entry NFP’s international community of built-in insurance coverage, HR, advantages, wealth administration and retirement options, which can assist them meet their holistic enterprise wants.”
In November 2022, NFP acquired Irish well being and life insurance coverage advisor Tailor-made Finance for an undisclosed sum.