US headquartered insurance broker NFP has bought Dublin-based ReSure Corporate Brokers, a specialist commercial insurance broker, for an undisclosed sum.
The deal marks NFP's third acquisition in Ireland over the past two years after it bought HMP Insurance and Pension Advisors and Aiken Insurance Limited.
Established just over two years ago, ReSure employs 14 people and is among the fastest growing corporate insurance brokers in the Irish market and it generated gross written premiums valued at more than €24m in 2021.
The business has focused on enhancing its specialist capabilities by supporting complex risk placements in restructuring, recycling, property, construction, domiciliary homecare and financial Lines, among others.
ReSure's directors - Aidan Brady, Ross Barron and Garry Fitzroy - and its full team will continue in their roles and remain fully engaged in the growth of the business, working with NFP to bring added value to new and existing clients.
"Our ambition at ReSure is to continue our incredible growth journey to scale the business and support our clients as they expand into new markets and sectors," said Aidan Brady, managing director at ReSure.
"In joining the NFP family, we also see great value in integrating our insurance solutions and services with NFP's corporate benefits and wealth management clients," he added.
John Paul Allcock, UK and Ireland managing director at NFP, said the company always looks for quality over quantity and the market feedback about ReSure's business, culture and management team was exemplary.
"We have acquired a terrific business with great clients and extremely talented brokers and client managers. Most importantly, we are confident they will fit into the culture of NFP, which encourages independence, entrepreneurial spirit, ethics and a focus on doing the right thing for employees and clients," he added.
