NFP snaps up broker to expand commercial offering

Property and casualty broker NFP has acquired Resolute Insurance Services to expand its commercial offering.

West midlands-based Resolute is a broker that offers clients a mix of products across commercial insurance, including professional indemnity, motor trade, marine cargo and cyber risk cover.

NFP said purchasing the firm expanded its product offering and would accelerate Resolute’s plans to provide additional solutions to clients.

This is because it will have access to NFP’s portfolio of specialists as well as risk, wealth and pension solutions.

“We’re excited to welcome the Resolute team to NFP,” John Paul Allcock, group managing director of NFP in Europe, said.

“We’re always open to engaging with like-minded insurance brokers and expanding our business operations by integrating firms, such as Resolute, that share our culture and values.

“Resolute will be a great asset to NFP as we invest in the team and their growth.”

Management

As part of the deal, Resolute’s senior management team will remain in place.

This means that David Cox will continue as the firm’s managing director, while he will also work closely with Allcock.

“We are excited to join the NFP family and provide our commercial clients with access to an array of new solutions and products that span beyond commercial insurance,” Cox said.

“Our team and business will benefit from the support that comes from NFP’s wider corporate umbrella.”