Howden has accomplished the acquisition of Barnett Waddingham, a consultancy based mostly within the UK that provides insurance coverage, danger, pensions and investments providers.
The monetary phrases of the deal, first introduced final month, haven’t been revealed.
The newly merged firm employs 4,000 professionals within the pensions and advantages sector, producing revenues of roughly £500m.
“All the Barnett Waddingham companions have reinvested into Howden, demonstrating their long-term dedication to the enterprise,” Barnett Waddingham mentioned in its press launch.
The merged firm will ship an entire vary of worker advantages and pensions advisory providers to company purchasers throughout multinational companies, small and medium-sized enterprises, and each the personal and public sectors.
Moreover, it’ll supply well being, life and specialised pension merchandise to people.
Barnett Waddingham senior companion Andrew Vaughan mentioned: “We’re delighted to start our long-term journey with Howden now that the deal is formally full. This considerably enhances our potential to ship larger worth to purchasers by way of expanded capabilities, alongside Howden’s spectacular world attain and experience.”
In February, Howden bought Forbes Insurance coverage, an aviation specialist, and the e-book of enterprise from Hill Aviation Insurance coverage Companies.
The 2 entities rebranded underneath Howden, resulting in the creation of a brand new specialist aviation division inside Howden UK&I, in addition to a brand new workplace in Leicester, UK.
Not too long ago, Howden launched the Howden Auto Tracker, a brand new automated follow-form facility that aligns tracker capability with algorithmic capability, offering brokers with streamlined entry to each from a unified knowledge supply.
