NFP Acquires Ireland’s HMP Insurance

New York-based insurance brokerage NFP said it has acquired HMP Insurance & Pension Advisors Limited (HMP), based in Dublin, Ireland.

Terms were bot disclosed.

HMP provides employee benefits, pension and group risk advice to corporate and individual clients. Formed in 2006, the firm specializes in insurance for clients based in Ireland, Irish-expats, and international corporations with operations in Ireland.

According to the announcement, 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.

With the addition of HMP, NFP further expands its reach in Europe and establishes a presence in the growing Irish market. NFP serves clients through more than 260 offices across the United States and 45 international offices across the UK, Puerto Rico and Canada.

Pawley said HMP complements NFP’s 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,” he added.

Source: NFP