#United States #Minneapolis #risk management #NFP #Moores Insurance

NFP Expands Its Horizons with the Acquisition of Moores Insurance Management, Inc.

In an exciting development within the insurance sector, NFP, a prominent Aon company renowned for its prowess in property and casualty (P&C) brokerage and benefits consulting, has officially completed the acquisition of Moores Insurance Management, Inc. This strategic move aims to bolster NFP’s capabilities in risk capital, especially in the Twin Cities area of Minnesota.

Strengthening Presence in Minnesota

Moores Insurance, established in Minneapolis, has a rich history of serving both high-net-worth individuals and commercial clients across 43 states since its inception in 1987. With this acquisition, NFP is not only expanding its reach but also enhancing the scope of services provided to clients who require specialized risk management solutions tailored to their unique needs.

Leadership Changes and New Opportunities

As part of this transition, Mark Moores, the CEO of Moores, will assume the role of senior vice president in NFP’s Commercial P&C division, while his brother Jack Moores will become senior vice president of Personal Lines. Both will report to key figures in NFP’s Central region, solidifying a structured leadership framework within the company.

Brett Woodward, NFP’s president of Personal Risk, expressed enthusiasm about integrating the Moores team, highlighting how this addition will further establish NFP's stronghold in the Minnesota market. He noted, "Moores is a venerable firm in the risk management arena, and their expertise will significantly enhance our offerings to high-net-worth and commercial clients in the region."

A Bright Future Ahead

Mark and Jack Moores shared their excitement about joining NFP, stating, "This partnership will unlock tremendous value for our clients by marrying our deep-rooted local connections with NFP's expansive resources and capabilities. Together, we will be able to provide integrated solutions that evolve alongside the needs of our clients."

About NFP

NFP’s substantial presence stretches across the United States, Canada, the United Kingdom, and Ireland, reinforcing its commitment to addressing the most pressing challenges in risk and human capital management. The firm’s collaborative approach and specialized expertise allow it to tailor solutions to a wide array of clients, ensuring comprehensive coverage that encompasses various aspects of financial protection and employee benefits.

For more details on NFP’s services and professional insights, visit their website. This acquisition represents a major milestone for both NFP and Moores Insurance, setting the stage for further innovation and growth in the ever-evolving insurance landscape.

Conclusion

The successful merger of NFP and Moores Insurance Management exemplifies the dynamic nature of the insurance industry, where agility and specialized expertise are paramount. With this strategic acquisition, NFP is poised to enhance its client offerings and ensure excellence in risk management for years to come.