Reinsurance News

Howden partnership strengthens position in Turkey, Middle East & Africa

18th December 2019 - Author: Matt Sheehan

Howden, part of the Hyperion Insurance Group, has partnered with Abu Dhabi-based broker Guardian Insurance Brokers LLC to strengthen its position in the Turkey, Middle East and Africa (TMEA) region.

middle-east-globeHowden established its first presence in the UAE with an office in Dubai in 2008 and an office in Abu Dhabi in 2017.

Since then, Howden TMEA has acquired a majority stake in broker ACP in Turkey, completed the majority acquisition of New Generation Insurance Services Company LLC in Oman, and partnered with BR Puri & Company Limited, in Tanzania.

Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories.

Following the new partnership, Guardian shareholders Sheikh Tahnoon Bin Saeed Al Nahyan and Fawaz Moukayed will remain invested in the business, with Moukayed serving as Chairman of the Abu Dhabi operation.

Additionally, Rasha Moukayed will continue to run the day-to-day operations as Managing Director.

“We have a clear strategy of making selective partnerships that complement our strategy and culture, and this excellent collaboration once again delivers on this,” said José Manuel González, CEO, Howden Broking Group.

“We’re committed to investment in TMEA to better deliver for our clients,” he added.

Atinc Yilmaz, Regional CEO for Howden TMEA, also commented: “We’re delighted that the Guardian team has chosen to join Howden.”

“Their market-leading reputation, strong client focus, and deep expertise, combined with Howden’s international reach, will create a compelling proposition in Abu Dhabi and the wider UAE market.”

And finally, Fawaz Moukayed, CEO and Founder of Guardian, stated: “We’re delighted to join Howden at this exciting time in its evolution in the region.”

Moukayed  continued: “Our growth ambitions are fully aligned, making this a great opportunity for our clients and employees, who will have access to the talent and resources of one of the world’s largest independent brokers, with a truly international focus.”

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