NFP, an international insurance brokerage and consulting services provider under Aon, has acquired Orca Financial Group for an undisclosed sum.
The acquired company is a specialist financial brokerage based in Leopardstown, County Dublin.
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This move is set to enhance NFP’s employee benefits and wealth management offerings in Ireland.
NFP said that over the past 20 years, Orca has recorded significant growth, both organically and through acquisitions.
The company, which was established in 2004, now supports more than 2,000 clients across Ireland from its offices in Leopardstown and Portlaoise.
John Molloy, the current managing director of Orca, will continue the same role within NFP.
NFP managing director in Ireland Colm Power said: “We are delighted to add the Orca team’s skill and experience to our already strong employee benefits and wealth management businesses. John and his team will allow us to offer a more diverse portfolio of specialist solutions to our clients, and their knowledge will drive innovation and future growth for NFP in Ireland.”
Molloy added: “There has been a growing demand from Irish employers to access a full range of pension and wealth solutions from one brokerage firm. We are excited about working with Colm and the growing NFP team in Ireland to meet this demand.
“Joining NFP will mean added value for our existing and future customers through the greater range of solutions and services available to us as part of NFP.”
This acquisition follows NFP’s recent expansion in Ireland with the purchase of Sean Barrett Bloodstock Insurances, also known as Barrett Private Insurances.
The Dublin-based company, with a 37-year history, offers specialised insurance solutions for private clients, covering areas such as auto, bloodstock, collections, home, travel and yachts.
NFP, founded in 1999 and headquartered in the US, was acquired by Aon earlier this year in a cash-stock transaction valued at $13bn.
