19 November 2014 Insurance

Howden acquires UK broker

Howden Broking Group, part of Hyperion Insurance Group, has acquired commercial insurance broker Powell Bateson.

Powell Bateson, also a risk management consultancy, has clients throughout the UK and specialises in construction and property.

Adrian Colosso, chief executive officer of Howden commented “Throughout our recent international growth, we have always kept a watchful eye on the UK market, waiting for the right partners that can complement and enhance our offering. With an exceptionally strong management team, significant strength in risk and safety management and excellent client relationships, Powell Bateson is such a partner. We are very excited about further extending Howden’s reach with this acquisition.”

Karen Bateson, director of Powell Bateson, added: “From day one, we have aspired to be different, placing value on client care, allied to a business-minded and entrepreneurial strategy to attract clients and insurers alike. Hyperion has a similar culture albeit on a much greater scale. With the additional corporate support provided by Howden, we can invest and structure for growth at an accelerated rate in our broking and risk divisions.”

Eliot Powell, director of Powell Bateson, said: “We need to position the business today, to take account of the future direction of broking and risk management, acknowledging that the landscape is changing very quickly. To continue our success, our clients and prospects require a seamless proposal that combines excellent people, increasing international placement and scale. With Howden, we achieve that position overnight.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk