Howden has acquired Bunbury-based Major Insurance Services, further strengthening its footprint in Western Australia.
The transaction is part of Howden’s broader expansion strategy in the region, complementing its recent integration of Unicorn Risk Solutions, which has rebranded under the Howden name.
Founded in 2015, Major Insurance Services provides insurance solutions for small to mid-sized enterprises (SMEs) and mid-tier corporate clients.
Howden Group reported adjusted revenue of £3.01 billion for the financial year ending Sept. 30, 2024, reflecting a 23% year-on-year increase. The firm’s organic revenue growth reached 15%, while adjusted consolidated EBITDA rose to £922.2 million. The company’s insurance broking division recorded 14% organic revenue growth, while its reinsurance business expanded by 30%. The managing general agent unit, DUAL, grew by 6%.
The group stated that its strategic focus remains on organic growth, acquisitions, workforce investment, and operational improvements.
Matt Bacon, CEO of Howden Pacific, said the acquisition will enable Howden to expand its reach in the South West region of Western Australia, leveraging the area’s economic growth to broaden its client base.
“This acquisition strengthens our Western Australian broking strategy, expanding our presence into a new and key geographical region and complements our position in Australia. We see a lot of future positive collaboration between Howden and Major, providing clients easy access to leading insurance solutions,” he said.
Eddy Pope, head of Howden Western Australia, aired the same thoughts.
“Unicorn, now Howden, has serviced many valuable clients in Western Australia’s South West over the last 25 years, and expanding our local presence and capability in this region is a natural evolution that will further strengthen the service offering to all of our clients in the South West,” he said.
Jerom Major, director of Major Insurance Services, highlighted the alignment between the two firms.
“We are extremely excited to become a part of the Howden family. The synergies between the companies are very closely aligned, focusing on clients, staff, and the community as a whole. The Howden people-first philosophy, client focus, and professionalism were a priority to all parties when considering this partnership,” he said.
He confirmed that the Bunbury office will remain operational, with the same service standards, while clients will gain access to Howden’s expanded capabilities.
“Jerom Major has built a very successful and reputable insurance broking business, and we are delighted that he has embraced the opportunity to further grow his business with Howden,” Pope said. “Jerom and Howden are totally aligned in the thought that this partnership is fantastic for our clients and people. We are very excited about what is to come.”
