NFP has announced the acquisition of Tailored Finance, its first healthcare-focused acquisition in the Irish market.
Tailored Finance’s managing director, Jeremy Tucker, will join NFP Ireland as a director and as part of the Irish leadership team.
“Acquiring Tailored Finance’s boutique business is significant for our growth in Ireland, and I’m thrilled to welcome Jeremy and his team to NFP,” said Colm Power, director at NFP in Ireland.
“They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisors in Ireland.”
Power became a Tailored Finance director in July 2022.
In Association with
Established in 2008, Tailored Finance says it handled gross written annual premiums valued at €25m in 2021. The company will continue to service customers under its existing name while leading NFP’s healthcare and wellness proposition in Ireland.
“We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers,” said Tucker. “NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients.”
Tailored Finance is NFP’s fifth acquisition in Ireland in the past two years.
NFP has also acquired HMP Insurance and Pension Advisors, Aiken Insurance, ReSure Corporate Brokers and Simon Shirley Advisors.
“I’m delighted to welcome Tailored Finance to NFP,” said Matt Pawley, president, NFP in Europe. “They will provide invaluable insight into the health insurance market at a time when clients need more expertise and guidance to achieve their objectives.”
NFP is a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor. The US firm is the fifth largest benefits broker by global revenue and 13th largest broker of US business.
Tailored Finance was owned equally by directors Jeremy Tucker (52) and Lorraine Tucker, who stepped down from the board of directors in October.
The company had fee income of €1.4m in 2021, up 26% on the previous year. The two directors and two other staff shared €1m in salaries and €105,000 in pension contributions.
