Il Howden Group recorded a 2024 fiscal year 15% growth in revenues in Italy, for the global insurance broker, the most important market in Europe after the United Kingdom. Revenues amounted to 30 million at September 130,3 compared to 113 million in the previous financial year, with an EBITDA of 27,7 million euros (21,5 in 2023) and a margin of 21,3% (19% in 2023). The goal is to double these numbers in 5 years.
Howden, led in Italy by Federico Casini, he mediated in our country prizes for 1,2 billion. “The growth of 15,1% was exclusively organic, so without new acquisitions", Casini underlined. "We are looking around to possibly seize opportunities, but at the moment there are no further acquisitions in sight. Better to focus on business sectors that can offer good ideas, such as the tourism and financial sectors for example. After all, in recent years many funds have entered the sector, which have increased prices and doing M&A now would be rather expensive”.
We will reach the objectives equally even without acquisitions: "we will bring the revenues of 2025 to 150 million, which would represent a further growth of 15%, with an EBITDA of 36 million (+34%) and an EBITDA margin of 24%. In 2027 we will reach 190 million in revenues and double the numbers in five years" says Casini.
Corporate reorganization in progress
Tbetween 2021 and 2023 Howden has completed a series of acquisitions: Andrea Scagliarini and Tower in 2021, Asi Insurance Broker, Nord Est Insurance Broker and the Assiteca Group in 2022, Assimovie and Wide Care Services in 2023. “The corporate simplification in progress will lead to the creation of a to merge in Howden SpA all the activities of the companies related to insurance brokerage and in Howden Re SpA those related to reinsurance.
The group's acquisitions in the world
Howden, founded in 1994 in London, is celebrating 30 years of activity this year with numbers that make it one of the global leaders in insurance brokerage: 39 billion euros in premiums brokered, 2,9 billion in revenues, 19.000 people, more than 500 offices in 55 countries. The Group is unique in that it is independent and based on employee shareholding: 5.200 in 48 countries – about a third of the total number of employees – own shares and with 32,2% they represent the largest share of capital.
From January to August 2024 Howden Group completed another 9 acquisitions in Europe (one in Norway, 2 in Ireland, 2 in France, 4 in the UK), one in Latin America, one in Japan and one in Australia. Among Howden's most significant acquisitions in the last year are Foresight Holdings Co Ltd, which marked the Group's entry into the Japanese brokerage market (Howden Re has landed in the reinsurance market) and MiCRO, a specialist in micro-insurance and in particular in parametric insurance coverage against natural disasters for disadvantaged populations in Latin America, with 180 thousand clients in Guatemala, El Salvador, Colombia and Mexico.
