Belfast firm WF Risk Group has confirmed its continued growth in the Republic with the acquisition of Compass Insurance Brokers.
WF Risk has experienced significant growth in recent years, most recently with the expansion of Kennett Ireland and its new director appointments.
This latest strategic move marks another significant milestone in its journey towards expanding its market presence and enhancing its portfolio of services.
Compass is a Dublin-based insurance brokerage led by John Mollohan, who has more than 25 years’ experience in the sector and who has expertise in sectors including property, hospitality and leisure and professional indemnity.
Richard Willis, managing director at WF Risk Group, said: “John joins us with extensive insurance broking experience, having established Compass in 2011. We’re delighted to work with him, combining our strengths and expertise to continue to deliver expert advice to our valued Compass clients.
“Over the years the source of our growth has been both organic and through the acquisition of likeminded companies, such as Compass.
“We look forward to the new synergies and opportunities that this most recent acquisition will create.”
John Mollohan added: “Compass is excited to be part of the WF Risk Group, who are equally committed to delivering client focused solutions.
“Our complementary strengths and shared values are well matched, and this acquisition promises increased value and enhanced services for our clients.”
With more than 150 members of staff across offices in the UK and Ireland including Belfast, London, Hull, Leeds, and Dublin, WF Risk Group (www.wfrgroup.co.uk) provides services across insurance, risk management, wealth management, HR consultancy and employee benefits.