Howden has announced the acquisition of Associated Beauty Therapists Ltd (ABT) and Associated Irish Therapists Ltd (AIT). Both
companies provide insurance broking services to members in the health, wellbeing, and beauty sectors across the UK and Ireland.
ABT and AIT specialise in arranging a variety of covers, including medical malpractice, treatment risk, professional indemnity, liability, and asset protection for professionals in the beauty and medical aesthetics industries.
As part of the deal, ABT and AIT will join Howden’s Health & Care division and integrate with its existing Allied Healthcare team. This acquisition is expected to almost double Howden’s Health & Care client base to over 40,000, further expanding its presence in the sector.
Howden said that it aims to offer more choice, expertise, and products to clients in the rapidly growing Health & Care market. The UK and Irish beauty markets are estimated to comprise approximately 400,000 service providers, highlighting the importance of a dedicated team for this sector.
Mark Westgarth, managing director of Howden Health & Care, noted that Howden has been a well-established insurance provider for Allied Healthcare professionals for over 25 years.
“Our reputation has helped us to continuously grow our division by attracting the market’s top talent, with the experience and expertise to service this important growth sector,” Westgarth said.
He added that the acquisition of ABT and AIT aligns with Howden’s existing expertise in the psychological therapy sector, positioning the company to become a leading broker for both the beauty and healthcare industries.
David Horton (pictured above), founder and group managing director of ABT and AIT, commented that joining Howden offers significant benefits for both companies and their clients.
“Their global resources will help us to provide more solutions to even more clients. Our cultures are perfectly aligned, making it an exciting move for our colleagues and the clients they are so passionate about serving. I look forward to working with the teams to grow the businesses together,” Horton said.
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