NFP Expands Reach with Moores Insurance Acquisition

NFP, a prominent division under Aon, has completed its acquisition of Moores Insurance Management, significantly expanding its coverage and expertise in the realm of high-net-worth and commercial insurance.

The acquisition of Moores Insurance Management, headquartered in Minneapolis, marks a strategic enhancement for NFP, particularly in bolstering its property and casualty services across 43 states. This move not only enhances NFP’s capabilities in Minnesota but also strengthens its market presence in the Cleveland area. Founded in 1987, Moores Insurance has made a name for itself by catering to the intricate needs of affluent clients, fitting seamlessly with NFP's broader strategic goals.

Leadership and Strategic Implications

Following the acquisition, Mark Moores will assume the role of Senior Vice President of Commercial P&C at NFP. He will report to Amanda Ruback, the Managing Director of P&C for NFP’s Central region. Jack Moores will become Senior Vice President of Personal Lines, under the leadership of Mary Mullen, the Senior Vice President of Personal Risk. This leadership alignment underscores the value of Moores’ local industry expertise, now paired with NFP’s extensive resources and capabilities.

Market Expansion and Specialization

This acquisition underscores NFP's ongoing commitment to diversifying its service offerings. By incorporating Moores Insurance’s focus on affluent clientele and expanding its services into the cannabis insurance sector, NFP is positioning itself as a versatile and dynamic player in the insurance landscape. The integration aligns with its ongoing expansion in life sciences and augments its strategic objectives across various segments, offering comprehensive coverage solutions to a broader clientele.

• NFP expands property and casualty services across 43 states.
• Mark Moores joins NFP as SVP of Commercial P&C, enhancing leadership.
• Jack Moores assumes role as SVP of Personal Lines for NFP.
• Acquisition strengthens NFP's cannabis and high-net-worth insurance offerings.
• Moores Insurance enhances NFP's market presence in the Cleveland area.