Birmingham, England, 12 May 2016 - NFP, a leading insurance broker and consultant that provides employee benefits, commercial insurance and wealth management solutions, today announced the acquisition of Linkfield Corporate Solutions Limited (Linkfield). The transaction closed effective March 1, 2016.
Founded in 2005, Linkfield is a Birmingham, U.K.-based Commercial Insurance brokerage firm with commercial and personal lines capabilities and a specialisation in commercial motor fleet insurance. NFP will bolster its international value proposition as a result of the acquisition by enhancing its Commercial Insurance consulting capabilities and providing further access to U.K. commercial Insurance markets. The firm’s principals John Paul Allcock and Mark Tomkinson will remain with the firm. Allcock will assume the role of Managing Director, reporting to Kishan Herriotts, Managing Director, and Tomkinson, will assume the role of Director, reporting to Allcock.
Commenting on today’s announcement, Herriotts said, “NFP recognises tremendous opportunity within the U.K. and we view Linkfield as a key player in achieving new growth. The acquisition is a natural next step in enhancing our existing international infrastructure and sales presence. We are pleased to welcome Linkfield to the NFP family.”
“NFP is a known leader in the Commercial Insurance industry, and as we look to the future of our organisation, we considered the resources and support needed for achieving growth. Joining NFP gives us the capabilities to grow the suite of Commercial Insurance services we provide our clients and expand our business in the future,” Allcock and Tomkinson said in a joint statement.