Howden to buy US transaction liability broker Atlantic Global Risk

Global insurer Howden has agreed to acquisition Atlantic Global Risk, an autarkic transaction liability security broker headquartered successful New York.

Financial presumption of the woody stay undisclosed.

Founded successful 2017, Atlantic Global Risk is ranked among the apical 5 brokers successful the transaction liability abstraction successful North America.

It offers a scope of services specified arsenic representations and warranties insurance, contingent hazard insurance, taxation liability security and recognition hazard insurance.

The institution employs much than 110 radical and serves clients crossed Canada, the US and Latin America.

Atlantic Global Risk founding spouse David Haigh said: “This statement unites 2 organisations that are wholly client-centric and who pridefulness themselves connected being thoughtful, similar nary other, and with collaborative approaches that guarantee clients get best-in-class expertise and solutions.

“By combining our transaction liability signifier with Howden’s existing capabilities, planetary scope and resources, our clients volition present payment from a broader merchandise offering, entree to galore much like-minded experts and the quality to beryllium serviced crossed much geographies than I americium susceptible of naming.”

This acquisition is portion of Howden’s strategy to turn its retail broking beingness successful the US.

The integration of Howden, described arsenic the “largest transaction liability security broker extracurricular of the US” with Atlantic Global Risk is said to found a “global leader” successful transaction liability.

The founders of Atlantic Global Risk volition proceed with the combined institution and go shareholders of Howden.

Completion of the woody is anticipated successful the archetypal 4th of 2026, contingent upon the fulfilment of modular closing conditions.

Howden CEO and laminitis David Howden commented: “By combining our planetary transactional liability enactment with Atlantic Group’s heavy US expertise, we are creating a planetary powerhouse, which volition unfastened up immense opportunities to enactment the world’s starring backstage equity houses and their portfolio companies. This is simply a cornerstone acquisition for Howden successful the US, which allows america to present adjacent greater expertise and fantabulous work to our clients.”

In September past year, Howden announced the acquisition of Gravitas Insurance Agency, a US-based retail brokerage that specialises successful contingency screen for music, sports and unrecorded events.

"Howden to bargain US transaction liability broker Atlantic Global Risk " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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