National Financial Partners (NFP) has acquired US insurance consulting and brokerage firm Benefit Resources, for the expansion of its corporate client group business in the country.
Established in 1988, Benefit Resources offers group benefits, HR and benefit compliance, benefit administration and individual insurance services.
NFP expects the acquisition to expand its corporate client group in Midwest.
NFP chairman and CEO Douglas Hammond said that Benefit Resources has deep expertise, which will continue the firm’s growth in employee benefits and corporate services.
"Benefit Resources reflects our commitment to seek companies that mirror our client-driven philosophy and that provide the highest-quality benefit solutions."
NFP corporate client group president Ed O’Malley said: "Benefit Resources brings over two decades of employee benefits and HR expertise to our team, further strengthening NFP’s ability to provide superior services to our business clients."
NFP offers advisory and brokerage services to companies and high net worth individuals through the benefits, property and casualty and life insurance and wealth management businesses.
The company operates in three business segments, corporate client group, individual client group and advisor services.