Howden, the London-based international insurance coverage middleman group, introduced the acquisition of aviation specialists Forbes Insurance coverage Ltd., and the acquisition of the e book of enterprise from Hill Aviation Insurance coverage Providers Ltd.
Monetary particulars of the acquisitions weren’t disclosed.
Forbes Insurance coverage and Hill Aviation will probably be rebranded as Howden and can type a brand new specialist retail aviation division inside Howden UK&I, with the staff additionally establishing a brand new Howden Leicester workplace as a part of its increasing community of 200-plus excessive avenue branches and workplace areas throughout the UK and Eire.
Based by CEO Terry Moyes, Forbes Insurance coverage is an impartial basic insurance coverage dealer providing business and personal shopper insurances, and likewise specialises in insurance coverage options for aviation golf equipment, airfield operators, plane upkeep companies, aviation product suppliers and producers, fastened wing and rotary wing plane, gliders and motorgliders.
Based mostly in Leicestershire, England, the Forbes staff gives a spread of specialist services and products to shoppers all through the UK, with over 125 years’ mixed insurance coverage and threat administration expertise. Moyes will lead Howden’s new Aviation staff and the brand new Leicester workplace.
Hill Aviation, based mostly in Ripon, North Yorkshire, was established by Steve Hill as a basic aviation insurance coverage dealer in 1991. Hill will shortly retire from the business after a prolonged and profitable profession inside aviation insurance coverage.
“The time was proper to offer our shoppers and staff with better entry to assets, enabling the enterprise to proceed to develop,” based on Moyes.
“The Howden tradition could be very enticing, and the corporate continues to be run by the founder and is 30% employee-owned which signifies that, regardless of its dimension, shoppers are nonetheless a very powerful factor,” Moyes added. “Forming a profitable new aviation division and a brand new Howden Leicester workplace for basic insurance coverage enterprise is a problem that the staff and I are actually wanting ahead to.”
“I’m delighted to welcome Terry and the Forbes staff to strengthen our East Midlands presence, and we sit up for extending our retail specialisms into aviation for business and personal shoppers all through the UK,” commented Jim Stevenson, regional managing director for the Midlands inside Howden UK&I’s Business division.
“After a brief interval the place he will probably be working with us on a consultancy foundation, we want Steve [Hill] a cheerful and well-earned retirement. Steve is aware of the Forbes staff are the perfect available in the market to hold on taking care of his shoppers to the excessive requirements he set, and Terry and our Leicester staff will guarantee his former shoppers are in secure palms,” Stevenson added.
About Howden UK&I and Howden
Howden UK&I is a part of international insurance coverage group Howden, and one of many largest specialist insurance coverage distribution teams within the UK.
Established in 1994, Howden gives re/insurance coverage broking and underwriting companies and options to shoppers starting from people to the most important multinational firms. The group operates in 55 international locations throughout Europe, Africa, Asia, the Center East, Latin America, the USA, Australia and New Zealand, employs 20,000 individuals and handles $42 billion in premiums on behalf of its prospects.
Supply: Howden
Subjects
Mergers & Acquisitions
Aviation
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