IHI Group offers financial and insurance advice to individuals, SMEs, and corporate businesses. Credit: mojo cp/Shutterstock.

Property and casualty broker NFP, which is part of the Aon group, has acquired IHI Group, a Dublin-based insurance advisory company.

This move supports NFP’s growth in the Irish market, specifically in the areas of financial planning, healthcare, and general insurance needs.

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IHI Group, founded in 1969 as PM Brennan, has grown to become one of Ireland’s top advisory companies.

It advises individuals, small and medium-sized enterprises (SMEs), and corporate businesses on a range of financial and insurance matters.

The business operates under three brands – IHI Financial, IHI Healthcare, and PM Brennan.

IHI Group CEO Philip Brennan will now take on the role of vice president for business development at NFP.

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In a statement, Brennan said: “We are delighted to be joining NFP and look forward to the advantages this will bring to our clients.

“Over the years, we’ve expanded our business and built client relationships by offering an exceptional level of service and expertise. Becoming part of NFP is a great next step for our family’s company.”

Brennan, along with Patrick Brennan, vice president of health and wellbeing, and Tommy McGowan, senior health executive, will report to Colm Power, managing director of NFP in Ireland.

Power stated: “As we strengthen our presence in Ireland, we find it crucial to further develop our expertise and capabilities in the health and wellness benefits space.

“IHI Group is a leader in Ireland’s health insurance broking industry, and the addition of their team will enable us to deliver best-in-class consultancy, advice and solutions to our clients.”

Earlier in October 2024, NFP acquired Miller Insurance Group (MIG), a property and casualty and benefits agency.