Howden Scotland has acquired the book of business of Edinburgh-based SKB Independent Insurance Brokers Limited. Financial terms of the deal were not disclosed.
SKB, founded by CEO Satvinder Breeze, provides insurance services to businesses in Edinburgh, Scotland and across the UK. The firm has been rebranded as Howden and will be integrated into Howden Scotland’s existing Edinburgh-based team.
The expansion forms part of Howden’s network of more than 200 high street branches and office locations in the UK and Ireland.
Reflecting on SKB’s growth, Breeze highlighted the company’s commitment to a traditional approach to business, focused on long-term client relationships. However, she added that partnering with Howden was a natural next step to further strengthen those relationships.
“Howden shares our core values of client care and exceptional customer service, and with their group buying power and global presence, it is an exciting time to join the team. I am very much looking forward to the next chapter,” she said.
Meanwhile, Kenny Hogg, CEO of Howden Scotland, said that the addition of SKB would further bolster the company’s business and support its continued growth in the coming years.
Kenny Hogg, CEO of Howden Scotland, said: “I am delighted to welcome SKB to Howden Scotland and into our Edinburgh team. As soon as I met Satvinder, it was clear that SKB and Howden had an identical customer service ethos. I am certain that the addition of SKB will further bolster our Howden Scotland business and help us to continue growing and thriving in the coming years.”
Howden Scotland is a division of global insurance intermediary group Howden, which, in the past year, has seen several acquisitions.
In January of last year, the company acquired Laurie Ross, a Scotland-based personal and commercial lines broker focusing on providing insurance services for cars, homes, taxis, vans and businesses. The deal significantly boosted Howden’s high street branches to reach a total of 117.
The company also acquired AHR Consultants, which specialises in providing a range of HR support and consultancy solutions, including legally compliant employment documentation and unlimited HR advice. The deal expanded Howden’s risk management capabilities in the UK as part of its efforts to strengthen its presence in that market.
