NFP, an Aon company and an international insurance brokerage and consulting firm, has announced a deal to buy independent specialist insurance broker Sean Barrett Bloodstock Insurances, which trades as Barrett Private Insurances.
Barrett Private Insurance focuses on providing customised risk solutions for high-net-worth individuals and families and has been in the Irish market for 37 years.
It uses its experience and intricate knowledge of the home, collections, travel, auto, yachts and bloodstock insurance markets to solve the complex risk management needs of its private clients.
Under the terms of the deal, John Barrett, director of Sean Barrett Bloodstock Insurances, will join NFP as a managing director with a focus on growing the company's private client group in Ireland and the UK.
"We've established a strong presence in the Irish market through organic growth and acquisition, and the expertise of the team at Sean Barrett Bloodstock Insurances will undoubtedly strengthen it further," JP Allcock, group managing director, NFP in Europe, said.
"Their commitment to delivering excellent service to their clients with a personalised touch aligns with our approach, and we look forward to their active involvement in expanding our private client offerings in the Irish market and into the UK," he added.
"We’re excited to be joining NFP and be part of a growing company," John Barrett said.
"With extensive global resources, a strong management team and an excellent talent base, NFP will enable us to make significant contributions that ultimately grow the business. This is a great opportunity for us to bring additional value to the clients we serve," he added.
