11 August 2015 Insurance

Howden acquires Perkins Slade

Howden, part of the Hyperion Insurance Group, has acquired Birmingham-based insurance broker Perkins Slade Forrest.

Perkins Slade Forrest specialises in sport and recreation, corporate and high net worth private clients.

The broker will form part of Howden’s retail business, which now has annual broking revenues in excess of £60 million.

Howden’s existing trade credit business will relocate to Perkins Slade’s offices.

Stuart Rootham, joint managing director of Howden retail, said: “Perkins Slade is an excellent acquisition for us. The company has an extremely strong reputation in its market and a book of business that complements our strategic vision for Howden UK.

“Birmingham is an important location for us as we continue to expand our national footprint across both corporate and private clients and make Howden the natural home for talent in every part of the UK in which it operates.”

David Howden, chief executive officer of Hyperion, said: “We have a clear strategy of making selective acquisitions which complement our commitment to organic growth and match our vision and culture. I am delighted to welcome Perkins Slade, which is a high-quality broker that matches these criteria and is an excellent fit for Hyperion.

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