US insurance broker and employee benefits consulting giant NFP has bought Johnson Fleming, the Bromsgrove-based benefits adviser.
In the US NFP specialises in corporate benefits, property and casualty, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP has over 5,600 employees globally. It is the fifth largest benefits broker by global revenue and the sixth largest US-based privately owned broker. It is the 10th largest property and casualty agency and 13th largest global insurance broker.
Johnson Fleming is a pensions specialist and employee benefits and group risk adviser to employers and pension arrangement members.
Simon Fletcher, CEO of Johnson Fleming, will report to Matt Pawley, NFP’s senior vice president, international benefits consulting. Johnson Fleming principals Iain Chadwick, consultancy director, and Tom Claridge, customer services director, will continue to lead their respective practice areas as part of the transaction.
Pawley says: “We are thrilled to welcome Johnson Fleming to the NFP family as we further expand our UK footprint. The team brings expertise, capabilities and relationships in the benefits and pension markets that will elevate our scale and create new paths for growth. I look forward to their energy, insight and collaboration, all of which will bring additional value to our clients.”
Fletcher says: “Joining NFP, and gaining access to a new level of resources and support, is a great step for our organization and the companies we serve. NFP will make us even more effective in helping employers enhance their competitiveness by designing attractive benefits and engagement programs for their employees. We appreciate the opportunity to work with Matt and his team and contribute to NFP’s growth and client service focus.”