Insurance broker swoops for HR consultancy to boost European growth
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Birmingham’s NFP, the insurance broker and consultancy providing corporate benefits, retirement, P&C insurance and individual solutions, has acquired HR consultancy firm The Connor Consultancy.
Acquiring Berkshire-based Connor marks the next phase in NFP’s strategic programme to expand its services and reach in the UK and European markets.
Matt Pawley, managing director at NFP in Europe, said: “As a business, we have been looking for scale in the UK as well as finding companies that bring new services and capabilities to our proposition, and we are delighted to announce our next stage of growth is with Connor.
“Our existing partnership with Fraser Silvey (managing director of Connor) and his team has been growing for a number of years, so we are excited to bring their expertise into the NFP portfolio. There is real cultural fit around how we both look after our employees and our clients through a strong focus on people.
“The last 18 months has made many businesses take a more holistic approach to supporting their employees. We believe the addition of an HR business to our existing insurance portfolio opens up amazing opportunities for us to collaborate and create new and exciting solutions for our clients.”
Silvey added: “We’re thrilled to be joining NFP and will continue to build on the work and relationship we’ve fostered over the past three years. From the first moment we worked together we were struck by the similarities in our values and culture and we started to get a glimpse of the huge opportunities that were possible.
“Joining forces was the logical next step for us and for our clients. By working collaboratively we can help more people and organisations navigate and succeed in this dynamic environment. This is an exciting step for both Connor and NFP and we are looking forward to extending our relationship with our existing customers as well as reaching new customers.
“We believe our clients will value our unique combination of services that are built by HR and business leaders for HR and business leaders.”