Howden snaps up Sterling Knight to expand Asia footprint
Howden, the retail broking arm of Hyperion Insurance Group, has completed the acquisition of Singapore-based specialist broker Sterling Knight.
Sterling Knight, which specialises in specie and international employee benefits, will continue to operate under its own licence and Victor Adam and his management team will continue to lead the business.
Goh Chye Huat, CEO of Howden Singapore, commented: "Sterling Knight is a broker with a tremendous reputation for specialist expertise, professionalism and exceptional service and I am very pleased that they have chosen to join the Group.
"Alongside their market-leading Specie team, which will strengthen our existing capabilities in the region, their International Employee Benefits business will combine with ours to create a very strong proposition in Asia, further leveraging our recent partnership with CXA to extend access to their Flex technology, platform and expertise."
Adam, CEO of Sterling Knight Singapore, said: "Joining Howden is an important step for Sterling Knight and means we are now part of the world’s largest employee-owned insurance group. It gives us and our clients access to Howden’s extensive international reach as well as the product and technical capabilities of the wider Hyperion Group, which include access to RKH’s Specialty and Reinsurance experts in the London market."
David Howden, CEO of Howden and Hyperion, added: "I am extremely pleased to welcome Sterling Knight to the Group. [...] The acquisition represents another significant milestone for Howden as we implement our regional strategy to grow our Asia footprint."
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