Birmingham – 27 October 2021,
Acquiring KGJ strengthens NFP’s market position in the Midlands region and expands specialty expertise for clients in Europe.
KGJ is a significant commercial insurance broker with specialised expertise including combined risks for complex and non-standard programmes. KGJ provides a range of exclusive scheme facilities as well as access to restricted markets through various wholesale brokerages. One of their specialties includes marine insurance, which provides coverage for all types of boats, including speedboats, yachts of all sizes, other luxury watercraft and coverage to the marine trade sector.
With an office in Wolverhampton and more than 55 staff members, KGJ will expand NFP’s market presence in the Midlands area, and in the UK. The KGJ team will bolster NFP’s current P&C offerings with new expertise in specialised insurance lines giving clients additional services.
The KGJ leadership team of Richard Cox, Darren Hollinshead and Lyndon Hollinshead will continue to work in senior leadership roles and remain fully engaged in the growth of the business, working with NFP to bring added value to new and existing clients.
John Paul Allcock, UK and Ireland managing director at NFP, commented, “We are delighted to welcome Richard, Lyndon and Darren, and the whole KGJ team, to the NFP family. KGJ’s established wholesale brokerage operation is highly respected by its network of brokers and the team has built a first-rate business providing best-in-class service to clients.”
“The KGJ merger continues the momentum of our strategic expansion throughout the UK,” continued Matt Pawley, NFP’s managing director in Europe. “The business has a management team with decades of experience and expertise and this engrained knowledge will enable NFP to deliver increased value to clients regardless of industry, size or coverage required.”
Richard Cox, director at KGJ, commented, "We’re looking forward to joining forces with NFP, collaborating on the services we can offer both our clients, and creating opportunities for our team to grow and prosper. We were impressed by NFP’s customer-centric approach to business and how their values align with KGJ’s longstanding principles. We’re excited to work together and continue to build a thriving business.”
NFP is a leading insurance broker and consultant providing specialised property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 6,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th largest commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).
Visit NFP.com to discover how NFP empowers clients to meet their goals.
About KGJ Insurance Services Group
KGJ is a family-owned business run by a dynamic and entrepreneurial group of shareholding directors. With an impressive history throughout England, parts of the Group date as far back as 1873. The business is located in Wolverhampton, and is home to more than 55 staff members. KGJ offers a range of specialist services in the commercial insurance sector with a particular focus on fleet, motor trade and marine insurance.
The KGJ Group consists of dedicated FCA authorised firms that use their expertise to deliver the best solutions to clients. KGJ’s clients entrust over £33m premium to the Group each year so that the most competitive premiums are available. However, as a family-owned Group, KGJ continues to deliver a personal and tailored approach when working with their clients.
Hines Associates Limited acted as exclusive financial advisor to KGJ Insurance Services Group.