NFP Acquires Wentworth Employee Benefits Limited
Strategic acquisition adds pension administration and consulting services for U.K. clients
NEW YORK – March 12, 2018 – NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, today announced that it has acquired Wentworth Employee Benefits Limited (WEB). The transaction closed on December 8, 2017.
Based in Daventry, United Kingdom, WEB is an advisory firm that specializes in pension administration and consulting, as well as employee-sponsored risk benefits. WEB will further strengthen NFP's existing offerings of group benefits and P&C services in the U.K. Principals of the firm, Richard Basford, Philip Hitchman and Elizabeth Hitchman, will join NFP's U.K. division as directors, reporting to Kishan Herriotts, Managing Director of Mackenzie Taylor Benefits Consultants Limited under NFP.
"We're excited to welcome the Wentworth team to the NFP family," said Herriotts. "Wentworth brings pension administration and consulting services to our clients in the U.K. market and rounds out our group benefits portfolio and P&C offerings. This combination of newly enhanced services will allow us to address the full suite of insurance and consulting needs of our U.K. clients and prospects."
"Joining the NFP U.K. team is a great way to start the New Year," said Basford. "We look forward to connecting our capabilities to NFP's local networks and providing comprehensive employee benefit offerings to our customers."
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We're a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement and individual private client solutions through our licensed subsidiaries and affiliates.
NFP has more than 4,200 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We’ve become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked the 4th largest U.S.-based privately owned broker, the 5th largest benefits broker by global revenue and the 5th best place to work in insurance by Business Insurance, the 9th largest property & casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal, the 10th largest employee benefits broker by Employee Benefit Adviser, the 11th largest global insurance broker by Best's Review and the 12th largest broker of U.S. business by Business Insurance.
For more information, visit NFP.com.
Peppercomm for NFP