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The case for NFP's acquisition of Moores Insurance Management is easy to read: a Minnesota-based risk management firm founded in 1987, a client base spanning 43 states, and a dual book covering both commercial and personal lines for high-net-worth individuals and businesses.
What complicates it is that this is NFP's third acquisition in a short stretch and none of the three has come with disclosed terms, which makes the unit economics entirely opaque from the outside.
Building central-region density Moores will integrate into NFP's central region management structure.
Mark Moores, the firm's CEO, becomes senior vice-president of commercial P&C at NFP, reporting to Amanda Ruback, NFP's managing director of P&C for the central region.
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