Howden has acquired Oslo-based retail broker Aneco Forsikringsmegling, evolving its position as a major non-marine insurance broker in Norway.
Aneco is an independent insurance broker operating in the property and casualty and employee benefits segments, managing €30 million (£25.4 million) in premiums. The acquisition is part of Howden’s ongoing strategy to expand its presence in Europe and comes right after the company announced the acquisition of Sarton & Associés in Belgium, as well as CHB Insurance Brokers in Estonia and BCZ in Switzerland earlier this month.
“This acquisition reflects our strategy to build a dominant position in our chosen markets and to invest in expertise to enhance our client offering,” said Luigi Sturani, CEO of Howden Europe. “Howden has become a natural home for top talent in the insurance sector, and the acquisition of Aneco brings us another highly experienced team that will benefit both local and international clients.”
"Joining Howden represents a logical next step for our company and our clients,” said Ragnar Nordal, managing director of Aneco. “As markets develop, our clients seek and will now benefit from the talent, product knowledge and data and analytics capability of Howden’s international speciality offering. For us, the choice was simple; only in Howden do we feel our clients and employees can enjoy the same values as they do now, and where we can continue to develop. As part of an independent organisation with a people-first, employee-owned culture, our employees will be empowered to deliver exceptional service to our clients.”
