New York-based brokerage and consultancy AnchorGroup specialises in employee benefits. Credit: 3rdtimeluckystudio/Shutterstock.

Property and casualty broker NFP, a unit of Aon, has acquired certain assets of EBA Services, doing business as AnchorGroup.  

Based in New York, AnchorGroup is a brokerage and consultancy specialising in employee benefits. 

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Financial details of the transaction remain undisclosed. 

Founded in 1971, AnchorGroup offers group employee benefits solutions to small and mid-market clients in New York.  

The company, under the leadership of the Hutchings family, has been known for its quantitative approach to tailoring coverage and plans for its clients. 

It is affiliated with Benefits Partners, one of the member organisations of NFP and a national corporate benefits producer group. 

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The acquisition includes the transfer of Kiehl Hutchings from AnchorGroup to NFP. 

Hutchings will assume the role of Benefits vice-president and report to NFP Benefits senior vice-president Kelly Smith.  

Hutchings said: “My family has a long history of serving businesses across New York State, and NFP’s diverse portfolio of expertise, capabilities and solutions will allow us to better support the needs of small and mid-size businesses here. As a member of Benefits Partners, I have seen NFP’s values and impact first hand, and I am looking forward to the next phase of our NFP connection.” 

NFP Northeast president Kate Henry said: “This addition strengthens our presence in upstate New York, especially in the greater Syracuse area, with an experienced team of group benefits professionals. Through AnchorGroup’s offerings and clients, we will build on our already robust capabilities and expand our connections to employers in the area.” 

Earlier this month, NFP announced the acquisition of HC Financial, an Irish financial planning and corporate employee benefits advisory business.