6 July 2017Insurance

Howden buys Spanish brokerage group Bergé

Howden Iberia, a subsidiary of Hyperion Insurance-owned Howden Broking Group, has bought Spanish brokerage group Bergé y Asociados Correduría de Seguros.

Following the transaction, Howden will add the Madrid-based intermediary to its Spanish and Portuguese broking practice.

"Bergé y Asociados’ niche expertise will enable us to expand into a specialist area in which we have had limited experience to date," said José Manuel González, CEO of Howden Iberoamerica.

"We will work together in the coming months to consider possible platforms for introducing motor insurance across our Spanish and Portuguese speaking markets. By combining the regional strength, scale and capabilities of Howden with the specialist sector knowledge of Bergé y Asociados, and by working closely with Bergé y Cía, we can build something special here in Spain and across our wider Iberoamerican operations."

David Howden, CEO of Howden Broking Group, commented: "Our business in Spain was the Group’s first international office. Today it is the fifth largest broker in the country and the largest business in our expanding Iberoamerican region. It has a long history of growing by listening to its clients and delivering new products and distribution to emerging and expanding niche sectors and markets, working closely with our Latin American colleagues to support clients operating on both sides of the Atlantic.

"This is the next step in Howden Iberoamerica’s growth story and I’m delighted to welcome the team from Bergé and Asociados to the Group to grow our motor proposition across the regions."

Don't miss our monthly insurtech email newsletter - sign up today

Today’s stories

AXIS Capital snaps up Novae for $604 million

Willis Re appoints new global CEO as Cavanagh steps down

AIG names former Marsh boss as global COO

Marsh appoints new CEO as Zaffino departs for AIG

Novae execs stress importance of scale as they succumb to AXIS overtures

Munich Re unveils senior promotions in US

Zurich elects Liès to succeed Swaan as chairman in 2018

Beach poaches Aon Benfield exec to lead casualty treaty

RT Specialty hires former Chubb executive

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

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


More on this story

Insurance
11 January 2017   Intermediary Hyperion Insurance Group enjoyed strong growth in its full year ending September 30, 2016 with revenues increasing by 45 percent to £434 million compared with £299 million in 2015.
Insurance
24 July 2017   Howden, the retail broking arm of Hyperion Insurance Group, has completed the acquisition of Singapore-based specialist broker Sterling Knight.