NFP buys UK specialty broker
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NFP Corp. said Wednesday it has acquired KGJ Insurance Services Group Ltd., a specialty broker based in Wolverhampton, United Kingdom.
Terms of the transaction were not disclosed
The acquisition expands NFP’s market presence in the Midlands area, the New York-based brokerage said in a statement.
Some 55 KGJ staff and the leadership team of Richard Cox, managing director; Darren Hollinshead, executive director; and Lyndon Hollinshead, group director, will join NFP.
KGJ specializes in combined risks for complex and non-standard programs, with expertise in marine insurance, and provides access to restricted markets through various wholesale brokerages, NFP said.
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