Howden Group Holdings has raised over £875 million through debt and equity, with more than £1 billion available for investment in new initiatives, M&A, and talent.
On March 24, Howden obtained a $500 million seven-year term loan from over 60 lenders, including more than 10 new lenders, and expanded its revolving credit facility to £360 million from £185 million across multiple banking relationships.
Howden has become the top international retail broker outside the US, one of the four leading reinsurance brokers, and the largest international MGA after acquiring TigerRisk Partners in January 2023.
“With the formation of Howden Tiger in January we have completed the architecture of the Group. With the £2bn revenue milestone passed and with 14,500 employees across 50 countries and $30bn of GWP, we have the scale and leverage to be the difference that clients and talent are seeking,” David Howden, CEO of Howden Group Holdings said.
“And now, following the £5bn we have invested over the last three years, we have raised a further £1bn giving us the financial firepower to accelerate at pace by joining with the best businesses and brightest talent who are looking for a forever home where they can continue to deliver their expertise and service in a culture that cherishes entrepreneurial spirit.”
Howden Group has appointed Peter Blanc, the Executive Chairman of Howden UK&I, as the Head of M&A, effective immediately.
Blanc will report to CEO David Howden, and support the leadership team in executing the company’s strategy to expand its geographic reach and product expertise across retail broking, reinsurance broking, and underwriting.
“It is Peter who, in bringing Aston Lark to Howden, coined the phrase ‘forever home’. Having built Aston Lark from the ground up through his well-recognised ability to identify and execute high quality transactions with a deep-rooted cultural alignment he is obviously very well-placed to support me and our leadership teams in the further development of our very healthy M&A pipeline as we begin the next chapter of our development,” Howden commented on Blanc’s appointment.
