Howden has agreed to acquire Barnett Waddingham, a UK professional services consultancy specialising in risk, pensions, investment, and insurance.
The merger will double Howden's global employee benefits business, bringing together approximately 4,000 experts and generating combined revenues approaching £500 million worldwide.
The integrated firm will offer a comprehensive range of employee benefits and pensions advisory services to corporate clients, spanning multinational corporations to SMEs, across both private and public sectors.
Additionally, it will provide health, life, and specialised pension products to individuals.
David Howden, CEO of Howden, states: "In our journey to build a global broker we recognise the need to create a world-class employee benefits business for our clients.
“Together, we will take a leading position in our home markets of the UK and Ireland in employee benefits as well as in insurance broking.”
Glenn Thomas, CEO of UK Health & Employee Benefits and global practice leader at Howden, highlights: "Barnett Waddingham’s extensive pensions expertise, together with Howden’s market-leading presence in the health and employee benefits market, creates a full-service proposition and one of the largest pensions and employee benefits consultancies in the UK."
