From Yahoo Finance · · 1m
NFP buys Moores Insurance for expanded risk services
NFP adds Moores Insurance to boost high-net-worth client coverage in Minnesota
In brief
NFP adds Moores Insurance to boost high-net-worth client coverage in Minnesota NFP acquires Moores Insurance to strengthen its presence in Minnesota's high-net-worth market Originally reported by Yahoo Finance.
NFP acquires Moores Insurance
NFP, the Aon-owned property and casualty broker, bought Moores Insurance Management, a Minnesota-based risk management firm serving high-net-worth individuals and businesses across 43 states.
“Moores is a long-standing risk management firm and this addition further establishes our presence in the Minnesota market and positions us well to continue delivering P&C insurance solutions for high-net-worth and commercial clients.”
Moores CEO joins NFP
Mark Moores will become NFP's senior vice-president of commercial P&C, reporting to Amanda Ruback, the company's central region P&C managing director.
Moores president joins NFP
Jack Moores, Moores' president, will join NFP as senior vice-president of personal lines, reporting to Mary Mullen, NFP's central region personal risk leader.
Recent NFP acquisitions
NFP recently bought Frontier Risk Group's cannabis insurance business and Signature Personal Insurance assets to expand high-net-worth coverage.
Aon's acquisition activity
Aon, NFP's parent company, agreed to acquire USI insurance broker for $17 billion from KKR and other shareholders.
In short
NFP acquires Moores Insurance to strengthen its presence in Minnesota's high-net-worth market
