HW International BV (HWI BV) has completed a management buyout (MBO) with financial backing from OBL Investments BV. The company stated that the move is part of its efforts to reinforce its independence, expand its international operations, and enhance its product offerings.
The buyout includes the acquisition of HWI BV, the Netherlands-based holding company, following a year-long restructuring process. This restructuring saw the divestment of the company’s operations in North America, the United Kingdom, France, and Greece. As part of its strategic realignment, HWI BV is currently reviewing its brand positioning, with a new identity to be introduced later this year.
HW International BV is a private insurance broker operating in nine offices in over 90 countries.
With new private investment, the company intends to bolster its offices in Australia, Germany, Portugal, and Spain. The firm is also set to prioritise mergers and acquisitions to extend its global footprint further. Additionally, HWI BV is exploring the development of its managing general agent (MGA) platform, NuVu, in Europe and other regions.
The business will continue under the leadership of Juan Alberto García (pictured), who will assume the role of global CEO. The existing executive team, local managers, and associates have all committed to remaining with the company.
“While the management acquisition gives us the financial strength to expand and develop our market offering, the 2024 consolidation period means we can now deliver a clear message to customers and partners around the world about who we are,” García stated. “This is an opportunity to refine our approach, remain agile, and strengthen what matters most to our customers: expert advice, global reach, and trusted relationships—something our existing customers and partners appreciate and expect from us.”
“As the new owner of HWI, my role is to safeguard its independence and values. I hold great respect for the company’s heritage and have full confidence in Juan and the management team to lead it forward, continuing the journey and business vision established by my late godfather, Hugh Wood, who was a truly inspirational man,” said Maurits Kleingeld, founder and investor.
HW International BV specialises in fine art and collectibles, film and entertainment, property and casualty, financial lines, marine, real estate, international programmes, social security, surety, and its MGA brand, NuVu.
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