Howden News

Howden to Acquire French Broker OFRACAR

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …

Howden Acquires UK Sport and Entertainment Specialist Broker, Hencilla Canworth

Howden, the London-based insurance intermediary group, announced it has acquired Hencilla Canworth GI Ltd., a leading British independent specialist performing arts insurance broker. Founded in 1981, based in Croydon, UK, and trading since 2021 as Hencilla Canworth GI Ltd., Hencilla …

Howden Acquires Ireland’s Intersure Group

Howden, the London-based insurance intermediary group, announced it has acquired Intersure Group Ltd., trading as Intersure Group, further strengthening its ability to service the Irish insurance market, as it expands its geographical footprint across the country. Financial details of the …

Howden to Acquire Captive Manager ARM Group Holdings

Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of …

Howden Has $1.4 Billion for Growth, Could Tap New Investor for Extra Firepower

Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters. The …

Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility

Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides …

Howden Acquires UK-Based AHR Consultants to Boost Risk Management Capabilities

Howden, the London-based global insurance group, announced it has bolstered its risk management capabilities in the UK through the acquisition of AHR Consultants, a leading provider of HR, employment law, training and health & safety services. Financial details of the …

Howden Acquires Scottish Broker Laurie Ross

Howden, the London-based global insurance group, announced the acquisition of Laurie Ross, a personal and commercial lines broker based in Scotland. The addition of Laurie Ross will take Howden’s high street branches to 117, with a total of over 200 …

Electric Vehicles Cost Twice as Much to Insure as Fuel-Burning Cars in UK

British drivers have to fork out twice as much to insure electric vehicles as they do for combustion-engine models, adding to hurdles to make the switch to zero-emission cars. The average insurance premium for EVs jumped to £1,344 ($1,700) at …

Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals

Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers in their renewal reports. “Some reinsurers adopted a tougher stance ahead of the January 2024 …