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B&W splits from sister firm to join with Deloitte

Leading UK actuarial and insurance consultancy Bacon & Woodrow is to split from sister business the Employee Benefits Consultancy to merge with Deloitte & Touche.

Partners of Bacon & Woodrow Insurance Practice will follow formal procedure and resign to form the merged company and become partners in the new merged firm.

B&W&#39s business, the Employee Benefits Consultancy, which accounts for around three-quarters of the practice, intends to merge with global consultancy Hewitt Associates.

Deloitte say the merger will strengthen its financial sector business as B&W has an excellent client base both in the UK and continental Europe.

Deloitte has been in the process of expanding in the finance sector for several years and has acquired clients such as the Royal Bank of Scotland Group, Lazard, Abbey National, Morgan Stanley Dean Witter and Alliance & Leicester.

The merged practice will be called B&W Deloitte and initially operate from offices in London, Paris, Amsterdam, Cologne and Zurich. It will be led by B&W partner Allan Kaufman.

Deloitte UK senior partner and global managing partner of the insurance, accounting and advisory businesses John Connolly says: “B&W Deloitte will provide us with a platform for fast growth in the European financial services and health sectors.”

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