International insurance broker Howden has acquired Germany’s Franz Gossler Insurance Group to bolster its position as a leading sport, film and entertainment broker in Europe.
Franz Gossler Insurance Group was founded in 1970 and is an owner-managed company specialising in the field of entertainment, film, event and advertising insurance.
The transaction was executed by Howden Germany’s specialty broker, Howden Caninenberg.
The firm stated that the acquisition is part of its strategic objective to invest in local specialist expertise and position itself as the preeminent choice for national and international clients in the entertainment industry.
Klaus Eisenberger, Managing Director responsible for film at Howden Caninenberg, commented, “Franz Gossler and his team have enjoyed an excellent reputation as professionals in the field of film insurance for decades and are therefore the ideal partner for us.
“Our position as the leading broker for film, television and streaming services in the German-speaking region is thus consolidated. This transaction seamlessly fits into our growth strategy for the entire European market.”
Franz Gossler Jr, the owner of Franz Gossler Insurance Group, added, “As an owner-managed company
in its second generation, we have built a very successful business for clients in the film and entertainment industry in the DACH region. Now it is time to set the course for the future in order to better meet client’s global challenges.
“Howden, as an international company with specialist expertise in film and entertainment risks, is the best place for us to continue to grow and deliver for our clients as they face these increasingly global demands and to jointly expand the business from now on.”
Duncan Fraser, Sport and Entertainment Global Practice Leader at Howden, said, “With the
acquisition of the Franz Gossler Insurance Group, we further strengthen our position as one of the leading brokers in the German-speaking region as well as internationally in the sport, film & entertainment sector.
“Clients from the film and streaming sector have an increasing need for international solutions and a global network, which we offer through Howden Global Sport & Entertainment Practice.
“With Franz Gossler, we share an entrepreneurial spirit and client-focused approach. We warmly welcome Franz Gossler and his team to Howden.”
The acquisition of Franz Gossler follows that of Assimovie earlier this year, which made Howden the largest TV and film production broking house in Italy.