Bromsgrove-based Johnson Fleming has been snapped up by US insurance broker NFP Corp.
The acquisition spans Johnson Fleming Group Limited and Johnson Fleming Future Life Planning Limited, which together serve as a pensions specialist and employee benefits and group risk adviser to employers and pension arrangement members.
As part of the transaction, Johnson Fleming principals Iain Chadwick and Tom Claridge will continue to lead their practice areas in their capacity as consultancy director and customer services director, respectively.
Meanwhile chief executive Simon Fletcher will report to NFP senior vice president for international benefits consulting Matt Pawley. Fletcher believes joining NFP is a great step for Johnson Fleming and its clients as it provides access to what he described as a new level of resources and support.
The CEO added: “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 shared client service focus.”
Aside from corporate benefits and retirement solutions, NFP also specialises in property & casualty insurance. It employs more than 5,600 people globally.
“We are thrilled to welcome Johnson Fleming to the NFP family as we further expand our UK footprint,” commented Pawley. “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.”