Acquisition strengthens NFP’s market position in the health insurance broking industry

DUBLIN, Oct. 17, 2024 /PRNewswire/ — NFP, an Aon company and leading international insurance brokerage and consultancy, today announced its acquisition of IHI Group, a Dublin-based advisory firm specialising in financial planning, healthcare and general insurance needs. Philip Brennan, CEO of IHI Group, will join NFP as VP business development, and together with Patrick Brennan, VP health and wellbeing, and Tommy McGowan, senior health executive, will report to Colm Power, managing director, NFP in Ireland.

“As we strengthen our presence in Ireland, we find it crucial to further develop our expertise and capabilities in the health and wellness benefits space,” said Power. “IHI Group is a leader in Ireland’s health insurance broking industry, and the addition of their team will enable us to deliver best-in-class consultancy, advice and solutions to our clients.”

Founded in 1969 as PM Brennan Ltd., IHI Group has solidified its position as one of Ireland’s leading advisory firms for employee benefits, financial planning, health and general insurance needs. The business has remained in the Brennan family, with brothers Philip and Patrick serving on the board of directors.

“We are delighted to be joining NFP and look forward to the advantages this will bring to our clients,” said Philip Brennan. “Over the years, we’ve expanded our business and built client relationships by offering an exceptional level of service and expertise. Becoming part of NFP is a great next step for our family’s company.”

About NFP

NFP, an Aon company, is an organisation of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. We have more than 7,700 colleagues in the UK, Ireland, US, Puerto Rico and Canada serving a diversity of clients, industries and communities. Our global capabilities, specialised expertise and customised solutions span commercial business insurance, employee benefits, people consultancy, health and safety, and individual financial planning. Together, we put people first, prioritise partnerships and continuously advance a culture we’re proud of. Visit NFP.co.uk to learn more.

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GENEVA, Oct. 17, 2024 /PRNewswire/ — Global business transformation consultancy dss⁺ is pleased to announce its partnership with RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions, to support their safety culture transformation journey to achieve tangible impact and sustainable improvement in safety culture and incident reduction.

Deeply committed to safety and operational excellence, RHI Magnesita has consistently improved its safety performance and is now looking to elevate their organisational culture by working with dss⁺ to move from compliance-based safety to a deeply embedded safety mindset across all levels of the company.

“We are committed to embedding a safety-first mindset at every level of our organisation;   it must be deeply ingrained in everything we do,” said Rajah Jayendran, Chief Technology Officer at RHI Magnesita. “Partnering with dss⁺ allows us to accelerate this cultural transformation, ensuring that safety becomes a core value embraced by everyone, from the shop floor to senior leadership. Together, we are working to protect our people and sustain a world-class safety performance.”

dss⁺ works with clients around the world to manage risk and reduce workplace injuries, operate responsibly and sustainably, and maintain those improvements through transforming the culture and building the capability of leaders and people. Their project with RHI Magnesita will involve all levels of the organisation, from shop floor workers to senior leadership, focusing on changing daily safety behaviours, strengthening governance structures, and promoting safety awareness throughout the entire value chain with measured, tangible impact.

“We are delighted that RHI Magnesita chose dss⁺ to partner with in their journey towards being a leader in workplace and process safety in the metals and mining space,” said Helder Santos, Global Metals and Mining Director at dss⁺. “RHI Magnesita’s Leadership Team is highly committed to a step-change transformation, and we are determined to work shoulder-to-shoulder with them and the entire organisation to accelerate the impact on safety culture and critical risk management, enabling RHI Magnesita to move into a more resilient corporate space.”

The project will span five regions throughout RHI Magnesita’s production sites in Europe, North and South America, and Southern and Eastern Asia. This cultural shift is critical to sustaining RHI Magnesita’s safety improvements and protecting their people, which is their core value and number one priority.

About RHI Magnesita

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https://www.rhimagnesita.com/

About dss⁺

https://www.consultdss.com/

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HELSINKI and OSLO, Norway, Oct. 17, 2024 /PRNewswire/ — The 2024 Translink Corporate Finance Megatrends Report reveals that global IT spending reached $4.7 trillion in 2023, a 4.3% increase from 2022. Finland and Norway have emerged as dynamic hubs for IT development, innovation, and investment within this thriving global technology sector.

Finland’s thriving tech ecosystem

Ruben Moring, Partner at Translink Corporate Finance Finland, says, “Finland’s tech scene represents a thriving ecosystem that fosters early-stage innovation across various sectors. The country excels in gaming, artificial intelligence, databases, analytics, and cleantech. Advancements in industrial AI, IoT construction tech, healthcare, and sustainable technologies are propelling Finland’s startup scene forward.”

Norway’s robust startup environment 

Norway has developed a strong startup ecosystem with approximately 70 000 new companies created annually. Nora Håberg, Partner at Translink Corporate Finance Norway, says, “We’re driving innovation in renewables and cleantech while fostering an environment of trust, cooperation, and flat hierarchies. This creates unique opportunities for investors interested in the green transition.”

Government support fuels innovation

Both countries have implemented robust government initiatives to support technological innovation and digitalisation. “The Finnish government’s support for AI development has led to success stories like Silo AI, acquired by AMD in an all-cash transaction for $665 million,” explains Moring.

Håberg adds, “Norway’s Innovation Norway provided 7.1 billion NOK (€617 million) in financial support in 2023 through subsidies, loans, and guarantees.”

Sustainability is a core Nordic focus

Sustainability is ingrained in Finland and Norway’s tech sectors. The Nordic countries offer some of Europe’s cheapest and cleanest energy, attracting investments like Microsoft and Google data centres.”

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In Norway, hydropower accounted for 89.2% of the electricity production in 2023, drawing foreign investment like Google’s 600 million EUR investment in a green data centre in Skien.

The Nordic talent pool is driving innovation

Finland and Norway boast highly educated workforces. Finland attracts international talent with its vibrant startup scene and high quality of life. In Norway, 48.1% of the adult population had tertiary education in 2022, above the OECD average.

Nordic M&A investment opportunities

Translink observes numerous mid-market opportunities in the region. In Norway, about 60% of announced M&A transactions in 2023 were cross-border.

Håberg concludes, “Finland and Norway’s tech ecosystems are continually evolving, with emerging innovation clusters and an increasing focus on deep tech. Translink Corporate Finance offers expertise to help mid-market investors navigate the new investment opportunities in the Nordic region.

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