Insurance broker continues acquisitive streak
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Birmingham’s NFP, the insurance broker and consultancy providing corporate benefits, retirement, P&C insurance and individual solutions, has acquired KGJ Insurance Services Group.
KGJ is a commercial insurance broker with specialised expertise including combined risks for complex and non-standard programmes.
KGJ provides a range of exclusive scheme facilities as well as access to restricted markets through various wholesale brokerages.
One of its specialities includes marine insurance, which provides coverage for all types of boats, including speedboats, yachts of all sizes, other luxury watercraft and coverage to the marine trade sector.
With an office in Wolverhampton and more than 55 staff members, KGJ will expand NFP’s market presence in the Midlands and in the UK.
The KGJ leadership team of Richard Cox, Darren Hollinshead and Lyndon Hollinshead will continue to work in senior leadership roles.
John Paul Allcock, UK and Ireland managing director at NFP, said: “We are delighted to welcome Richard, Lyndon and Darren, and the whole KGJ team, to the NFP family. KGJ’s established wholesale brokerage operation is highly respected by its network of brokers and the team has built a first-rate business providing best-in-class service to clients.”
“The KGJ merger continues the momentum of our strategic expansion throughout the UK,” said Matt Pawley, NFP’s managing director in Europe. “The business has a management team with decades of experience and expertise and this engrained knowledge will enable NFP to deliver increased value to clients regardless of industry, size or coverage required.”
Richard Cox said: “We’re looking forward to joining forces with NFP, collaborating on the services we can offer both our clients, and creating opportunities for our team to grow and prosper. We were impressed by NFP’s customer-centric approach to business and how their values align with KGJ’s longstanding principles. We’re excited to work together and continue to build a thriving business.”
Earlier this month, NFP announced it has acquired HR consultancy firm The Connor Consultancy.