Rather than implementing a plug and play model following acquisitions, NFP aims to give new business buys accountability and responsibility, says UK and Ireland chief executive
Although some firms within the UK insurance market utilise ”a plug and play model” when it comes to their M&A strategy, seeking to ”generate extra commission, revenue and cut costs” through ready-made propositions, Birmingham-headquartered property, casualty and employee benefits broker NFP instead prefers to nurture a culture of accountability and responsibility to give newly bought businesses autonomy, according to its UK and Ireland managing director Matt Pawley.
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