Aon PLCAon-owned NFP continues its acquisition spree with Moores Insurance, expanding its P&C and benefits footprint.
NFP, the Aon-owned property and casualty broker and benefits consultant, has acquired Moores Insurance Management, a multi-disciplinary risk management company based in Minnesota, US. Established in 1987, Moores works with high-net-worth individuals and businesses across 43 states, offering P&C insurance services to both commercial and personal-risk clients. Under the agreement, Moores CEO Mark Moores will become senior vice-president of commercial P&C at NFP, reporting to Amanda Ruback, the company's managing director of P&C for the central region, while Moores president Jack Moores joins as senior vice-president of personal lines, reporting to Mary Mullen, senior vice-president of Personal Risk for NFP's central region. The terms of the transaction were not made public. The deal follows a string of recent acquisitions by NFP, including the retail cannabis insurance business of Frontier Risk Group last month and certain assets of Signature Personal Insurance in June, while NFP's parent company Aon agreed late last month to acquire insurance broker USI from private equity firm KKR and other shareholders in a deal valued at $17bn.
Aon PLCAon-owned NFP continues its acquisition spree with Moores Insurance, expanding its P&C and benefits footprint.
KKR & Co. Inc.KKR is selling insurance broker USI to Aon in a $17bn deal, a notable exit for the private equity firm.
USI CorpMoores Insurance Management is being acquired by NFP, with its CEO and president taking senior roles at the buyer.