Howden, a global insurance intermediary group, has acquired Storfield Insurance Consultants Ltd (Storfield), a specialist in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients.
This acquisition strengthens Howden’s presence in Hong Kong, expands its reach across Asia, and underscores its commitment to investing in specialty services for clients in the region.
Founded in 1985 by Tony Lau and led by CEO Victoria Lau, Storfield offers expertise in areas such as bloodstock, fine art, luxury vehicle, and yacht insurance, as well as tailored insurance solutions for SMEs.
With Storfield’s addition, Howden Hong Kong’s headcount now totals approximately 200, with 17 offices and 1,100 employees across Asia. This expansion aligns with Howden’s broader strategy to leverage its global capabilities to support local clients.
Alfred Sham, CEO, Howden Hong Kong, remarked, “The acquisition of Storfield marks a major milestone in the development of Howden’s business in Hong Kong. With our combined capabilities, we not only become stronger together but also unlock additional value for our respective clients and insurer partners. We look forward to working closely together to achieve new heights.”
Lau commented, “After almost 40 years of independent growth, Howden is the natural choice for the next chapter of Storfield’s growth. We are confident that the combination of our local expertise and Howden’s global capabilities will enable us to better serve our clients.”
Chye Huat Goh, Regional CEO, Howden Asia, added, “This latest development is another example of Howden’s broader strategy to widen its footprint in Asia, and follows Howden’s recent entry into the Japanese reinsurance and retail markets with the launch of Howden Re Japan, a strategic partnership with Keystone ILS and the acquisition of Foresight.”
