Howden Group, an independent multinational insurance brokerage group, further strengthens its position in Europe. The Group completed three acquisitions in June, one in Germany and two in Switzerland by taking over Northern Lloyd, Argenius e RGB.
Howden's three acquisitions
The first acquisition was Northern Lloyd, a leading shipping broker based in Germany, which operates in key territories such as London, Athens, Limassol and Abu Dhabi. By building a team with local specialist expertise, Howden is now able to exploit the growth opportunities of the German maritime market, aiming to become the leader of the sector in Germany.
In Switzerland, on the other hand, it completed the acquisitions of Argenius Risk Experts AG e RVA Versicherungsbroker AG. These will enable Howden to offer Swiss clients better access to specialist and international expertise. The Group is now present in eight Swiss cities, including Zurich, Basel, Zug, Bern, Lucerne, Chur, Geneva and Lugano, as well as an office in the Principality of Liechtenstein.
Since the beginning of 2023 they have been seven acquisitions in Europe by Howden and as underlined by the CEO of Howden Italy, Federico Casini, are part of an ambitious growth strategy of the group, which aims to create specializations in key markets.
“Since the beginning of the year, the Group has completed seven acquisitions in Europe. A total of twenty-nine since 2021. These operations confirm an ambitious growth strategy that aims to create specializations in key markets, positioning itself as an alternative choice on the market capable of combining the solidity and widespread international presence of a global broker with the best skills local to provide tailor-made or cross-border solutions to customers. Our expansion strategy in Italy is inspired by this same line” he declared Federico Casini, CEO of Howden Italy.
Who is Howden Group
The Howden Group is one of major global insurance brokerage groups, with approximately $30 billion in gross written premiums and 13 employees in 100 countries, 2.500 of which are in Europe.
The company was founded in 1994 by David Howden, current CEO of Howden Group Holdings, the company is 35% employee-owned and boasts a turnover about 2 billion pounds. The group has entered in Italy with its own branch in 2021 and has quickly become one of the major operators on the national market with over 100 million euros in consolidated turnover and 800 employees. In Italy, the brokers Scagliarini of Bologna, Tower of Vicenza, ASI and Nord Est of Treviso, Assiteca (the largest Italian company in the sector) and Assimovie.
The company's strategy is oriented towards the acquisition of highly reputable independent brokers with a recognized territorial presence, capable not only of distributing products, but above all of operating on the level of business risk consultancy.
