Insurance broker NFP acquires Ireland’s Orca Financial Group

NFP, an Aon and insurance broking company, has announced its acquisition of Orca Financial Group, a specialist financial broking company based in Leopardstown, County Dublin.

Financial details of the transaction were not disclosed.

The Orca team will join NFP’s employee benefits and wealth management businesses in Ireland and John Molloy, currently managing director of Orca, will retain the same title with NFP.

Orca Financial Group was founded in 2004 to improve the service delivery model in the pension market. Over the past two decades they have grown considerably, organically and through acquisitions, and now provide specialist financial support to over 2,000 clients in Ireland from their offices in Leopardstown and Portlaoise.

“We are delighted to add the skills and experience of the Orca team to our already strong employee benefits and wealth management businesses,” said Colm Power, Managing Director, NFP Ireland. “John and his team will enable us to offer our clients a more diverse portfolio of specialist solutions and their knowledge will drive innovation and future growth for NFP in Ireland.”

“There has been a growing demand from Irish employers to access a full range of pension and wealth solutions from a brokerage firm,” Molloy said. “We are delighted to be working with Colm and the growing NFP team in Ireland to meet this demand. Joining NFP will mean added value for our existing and future customers through the greater range of solutions and services available as part of NFP.”

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M&A agents