Howden continues M&A spree with another deal in UK expansion move
International insurance broker Howden has taken a further step in the execution of its expansion strategy in its home market, the UK, with the purchase of a commercial broker serving the corporate and technology industry.
Specialist broker Ross Insurance Group is joining the Howden group. Ross offers a broad range of product lines, with a particular focus on financial and construction risks, and manages complex global programmes for clients across different industry sectors including financial services, technology, construction, property management and vehicle leasing.
The acquisition follows Howden’s agreement to acquire Aston Lark in October to create a full-service broker “unrivalled” in its quality, scale and reach in the UK, and secure a leading position in its home market.
Sarah Hughes (pictured), head of financial lines at Howden said: “Our relentless focus on expertise and investing in specialist skills is underlined by this highly complementary partnership with Ross Insurance Group, who bring with them significant experience and in-depth industry knowledge. They have established an exceptional reputation for listening and understanding client needs and using innovative thinking to achieve tailored solutions. We are addicted to attracting the very best talent to Howden for the benefit of our clients.”
Mark Ross, chief executive officer of Ross, commented: “We are already working with Howden on certain client accounts and can clearly see that it is the obvious broker of choice for like-minded companies looking to continue their growth and do more for their clients. As an employee-owned firm with a ‘People First’ culture, Howden is an excellent fit for our team as we look to take the business to the next level, where we will benefit from its scale, market access, breadth of expertise and investments in technology and digital solutions. We look forward to continuing our journey with the Howden team.”
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