Howden expands in Europe with aviation power move
Global re/insurance broker Howden has snapped up a specialist Swiss broker to become a “major force” in the aviation sector and strengthen the company’s geographic presence in Europe.
Howden Switzerland has acquired Hudson Sky International, an aviation re/insurance broker in the Swiss market, with its core focus on the helicopter segment, and servicing a range of clients on a global scale.
Howden said the acquisition is part of its wider strategy to become a leader in its chosen specialty markets, such as aviation, and expand its product offering for Swiss and multinational clients.
The move follows two new hires in its London aviation team - Steven Crook and Wayne Hawkins – as the business seeks to drive further growth into the airline and aerospace sectors.
Hans-Jörg Blumer, managing director, aviation, Howden Switzerland, said: "We have seen a considerable increase in demand for specialised advisory services in the aviation sphere and this acquisition is a vital step as we become market leaders in this space. Hudson Sky holds extensive sector experience and this will be essential as we meet growing client demand in the region.”
Felix C. Jenny, CEO, Howden Switzerland, added: "Hudson Sky will bring an additional strength to our operations in Switzerland. It reflects our commitment to providing our clients with best-in-class solutions and the combination of Hudson Sky and our existing capabilities will enhance our aviation offering significantly. This acquisition is further evidence of our commitment to becoming in the leader in our chosen markets throughout Europe and I look forward to welcoming the whole team.”
Martin Accola, managing director, Hudson Sky, commented: “For us, this acquisition was an important and strategic step for Hudson Sky as we assessed our long-term development plan in an increasingly complex global market. Our clients will benefit from Howden's industry wide expertise, placement and networking services, in addition to the usual personal service of our experienced team."
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