Howden picks up next two Swiss brokers in M&A drive to leaderboard
International insurance broker Howden has picked up its fourth and fifth brokerages in Switzerland, building its headcount in country to 130 in eight regions as the drive to top the Swiss leaderboard rolls on.
argenius Risk Experts comes to Howden as advisor primarily to medium-sized companies and large organisations, specialising in sophisticated risk analysis and portfolio placement.
RVA Versicherungsbroker works with small and medium-sized businesses on all insurance and risk issues, in addition to being a specialty broker with a focus on social institutions.
The two new acquisitions follow purchase of three Swiss brokers in the last two years including Born Consulting, Bachmann & Partners and Broker Center Zurichsee.
The CEO of Howden Switzerland, Austria and Liechtenstein, Felix Jenny, said: “We are delighted to welcome argenius and RVA to Howden Switzerland as we fast become the natural home for independent brokers in region. The addition of these like-minded, entrepreneurial-spirited businesses advances our ambitious growth strategy for the region and brings us one step closer to becoming the leading broker of choice in Switzerland.”
The CEO of Howden Europe, Luigi Sturani (pictured), added: “The acquisition of argenius and RVA comes at an exciting time, as demand grows across Europe for increasingly sophisticated insurance products and services. Combining the local, specialist expertise of argenius and RVA with Howden’s international offering will strengthen our position as one of the leading brokers in Europe capable of providing the scale, expertise and range of bespoke solutions that clients require.”
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