Howden swoops for £100m+ GWP broker to expand UK business
Howden has acquired an independent broker headquartered in Manchester and servicing UK and international clients, marking a significant step in its expansion in the North West of England.
Reich Insurance Group is a £100m+ GWP business with over 140 employees, led by Simon Taylor and Danny Lopian, offering a full spectrum of insurance solutions for individuals and businesses, from SMEs to large corporations, with particular specialisms in property, construction & development, as well as life and healthcare.
Howden described Reich as one of the top ten independent insurance brokers in the UK with a reputation for exceptional client service.
Peter Blanc, executive chairman, Howden UK & Ireland, commented: “I’ve known Simon and Danny for many years and have always admired their business. Their reputation is outstanding and their areas of specialism, particularly in real estate and construction as well as healthcare, are completely aligned with Howden. All of our discussions were centred on the future and how the Reich team would fit within the Howden business – and the answer is that it’s a perfect match. I’m really looking forward to meeting all of our new colleagues and welcoming them to the Howden family.”
David Howden (pictured), CEO, Howden, added: “Simon is an industry entrepreneur, who for the last 20 years has led Reich to be the success story we see today. Howden has become the natural home for insurance industry entrepreneurs, both in the UK and across the world, who put their trust in us as they know that our people and our clients are at the heart of everything we do. I am delighted to welcome Simon, Danny and Reich to the Group.”
Taylor, CEO of Reich, said: “While we have grown to become one of the largest independent brokers in the market, we have been searching for the perfect partner to take us to the next level and we were not prepared to merge until we found that right partner.
“[...] We look forward to working with Peter, Stuart and the team in continuing the service excellence and growth momentum we have achieved as Reich, within the wider Howden Group. We are very excited by what the future holds.”
Lopian, director, Reich, added: “We are very excited by this opportunity to come together with Howden, who we see as an ideal fit for our business, our staff and our clients. This will give us the opportunity to provide a greater and broader service to our clients and we look forward to developing our business services to even higher levels.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
