Benefits consultant NFP has expanded its health insurance offering into Ireland with the acquisition of Dublin-based health and life insurance adviser Tailored Finance Limited.
The move marks NFP’s first healthcare-focused acquisition in the Irish market, expanding its portfolio of services, solutions and advice. Tailored Finance managing director Jeremy Tucker will join NFP as a director.
Launched in 2008, Tailored Finance generated gross written annual premiums last year valued at €25m. The health insurance broker will continue to service customers under its existing name while leading NFP’s healthcare and wellness proposition in Ireland.
It will also continue to operate under its current name and business as usual.
The acquisition is NFP’s fifth within Ireland over the past two years. NFP has also acquired HMP Insurance and Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers and Simon Shirley Advisors.
“We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers,” said Tucker.
“NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients. I want to thank my team for their tremendous work and commitment, and our customers and partners for their support.”
Colm Power, director of NFP in Ireland, said: “Acquiring Tailored Finance’s boutique business is significant for our growth in Ireland, and I’m thrilled to welcome Jeremy and his team to NFP.
“They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisers in Ireland. Tailored Finance enhances our portfolio to deliver the healthcare solutions our clients need.”