UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP

NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd.

KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard programs. KGJ provides exclusive program facilities as well as access to restricted markets through various wholesale brokerages. One of its specialties is marine insurance, providing coverage for all types of boats including speedboats, yachts and other luxury watercraft, as well as the marine trade sector.

With an office in Wolverhampton and more than 55 staff members, KGJ will help NFP expand its market presence in the Midlands area.

The KGJ leadership team of Richard Cox, Darren Hollinshead and Lyndon Hollinshead will join NFP.

Source: NFP

Topics Mergers & Acquisitions Agencies