NFP, the insurer that acquired Johnson Fleming in April, has continued its European expansion with the purchase of Irish employee benefits consultancy HMP Insurance & Pension Advisors Limited (HMP).
HMP, based in Dublin, provides employee benefits, pension and group risk advice to corporate and individual clients. Formed in 2006, the firm designs, communicates, implements and manages tailored pension and benefit programs for clients based in Ireland, Irish-expats, and international corporations with operations in Ireland. David Moore, director of private client services, and Colm Power, director of employee benefits, will stay with NFP and report to Matt Pawley, senior vice president, international benefits consulting.
NFP serves clients through more than 260 offices across the United States and 45 international offices across the UK, Puerto Rico and Canada.
In the US NFP specialises in corporate benefits, property and casualty, retirement and individual solutions through its licensed subsidiaries and affiliates. It is the fifth largest benefits broker by global revenue and the sixth largest US-based privately owned broker. It is the 10th largest property and casualty agency and 13th largest global insurance broker.
Pawley says: “Welcoming HMP is an important development for NFP’s international business and complements our continued investment in the UK. We also believe that investing in Ireland is strategically important as we continue to plan for the impact of Brexit on clients and our ability to serve them. David, Colm and the entire HMP team give us a strong presence in Ireland, expertise in key businesses, and a tremendous foundation for growth. I look forward to their contributions as we further refine our benefit and pension capabilities, and advance our ability to serve the dynamic needs of our clients.”
Power says: “Joining NFP gives us access to resources and support that will help us deliver even more value to businesses and individuals. We’ve worked hard to create solutions and services that help clients meet their goals and as part of NFP, we will be better positioned to deepen relationships and cultivate new ones. We are excited to be active participants in a growing and innovative company that cares deeply about its employees and clients.”
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