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NFP, a world property and casualty dealer and marketing consultant, has acquired Get Medical Plans, a London-based unbiased middleman.
Monetary phrases of the transaction weren’t divulged.
Get Medical Plans’ acquisition goals to bolster NFP’s service choices within the non-public medical insurance coverage sector.
Founders Marc Benjamin and Sanjeev Mallipeddi, with greater than 4 a long time of mixed expertise, will proceed to guide the acquired firm.
Benjamin and Mallipeddi are stated to streamline the medical insurance coverage broking course of and provide tailor-made options for his or her shoppers.
NFP believes that underneath its umbrella, Get Medical Plans will be capable of provide its companies to a broader consumer base and improve its optimistic impression on companies and people searching for medical insurance steerage.
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NFP Europe managing director of worker advantages Iain Chadwick stated: “We’re delighted to welcome Marc, Sanjeev and all the Get Medical Plans workforce to NFP.
“Including the experience of the Get Medical Plans workforce and the options obtainable by their platform will assist NFP higher assist our shoppers and develop our presence within the quickly increasing unbiased medical insurance coverage market.”
Benjamin and Mallipeddi added: “We’re delighted to hitch NFP, particularly as the corporate continues to broaden within the UK. This partnership will allow Get Medical Plans to proceed to ship a first-class service to our shoppers by accessing the sources and vary of companies inside a worldwide organisation, whereas additionally giving us the power to achieve new clients.”
Earlier within the yr, NFP expanded its UK presence by buying AIC, an unbiased insurance coverage dealer with a various portfolio of specialized insurance coverage merchandise.
This acquisition enhanced NFP’s capabilities throughout a number of industries together with marine, agriculture, retail and wholesale, business, leisure, car and development.
In December 2023, Aon entered a definitive deal, valued at $13.4bn (£10.58bn), to accumulate NFP.
The deal awaits regulatory approvals and is predicted to finish in mid-2024.
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