NFP Acquires Moores Insurance Management to Enhance Offerings
NFP, a subsidiary of Aon, has announced its acquisition of Moores Insurance Management, significantly enhancing its property and casualty offerings in Minnesota.
This strategic acquisition is a significant move for NFP as it solidifies its footprint in the Central region. Operating since 1987, Moores Insurance Management has been a staple in comprehensive risk management, extending services to both affluent individuals and businesses across 43 states. With this acquisition, Moores’ clients will gain access to NFP’s expansive range of services, including property and casualty insurance, employee benefits, and wealth management, supported by Aon’s global infrastructure.
Strengthening Insurance Solutions
The integration of Moores into NFP’s platform is poised to enhance NFP’s capabilities to address complex insurance needs. Moores' existing operations will reinforce NFP’s engagement with high-net-worth clients and business owners, providing tailored solutions for estates and multifaceted business ventures. The leadership from Moores will also see strategic roles within NFP: Mark Moores will oversee commercial property and casualty operations, while Jack Moores will manage personal lines, ensuring continuity and an added layer of expertise.
Leadership and Strategic Synergy
This acquisition not only brings new leadership insights but also deepens the resource pool available to clients. As Brett Woodward, NFP's President of Personal Risk, articulated, the move firmly establishes NFP's presence in Minnesota, allowing for a more robust delivery of property and casualty solutions tailored to high-net-worth and commercial clients. The Moores have echoed this sentiment, highlighting the synergy between local expertise and NFP’s comprehensive resources.
| Company Name | Role |
|---|---|
| Moores Insurance Management | Comprehensive risk management since 1987 |
| NFP | Aon subsidiary expanding P&C offerings |
NFP's acquisition of Moores Insurance Management is a decisive step forward in bolstering its service portfolio and market reach. By integrating Moores' established reputation and operational expertise, NFP is well-positioned to continue providing sophisticated, client-focused insurance solutions, ensuring a seamless transition and substantial growth in the regional insurance market.