NFP, a leading insurance broker and consultant that provides employee benefits, commercial insurance and wealth management solutions, today announced the acquisition of Wentworth Employee Benefits Limited (WEB). The transaction closed on December 8, 2017.
Based in Daventry, United Kingdom, WEB is an advisory firm that specialises in pension administration and consulting, as well as employee-sponsored risk benefits. WEB will further strengthen NFP’s existing offerings of group benefits and property and casualty services in the UK. 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 property and casualty 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.”
NFP is a leading insurance broker and consultant providing specialised commercial insurance, in-country and global employee benefits, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of more than 6,000 employees in the UK, Ireland and across the globe. Our professionals support diverse client needs through 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 (Business Insurance), 10th largest property and casualty agency (Insurance Journal) and 12th largest global insurance broker (Best's Review).
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