Global insurance group Howden has acquired Hudson Sky International, securing its position as a “preeminent broker” in the aviation insurance sector in Switzerland.
According to Howden, this acquisition is part of the firm’s wider strategy to become a leader in its chosen specialty markets and underlines its continued investment in expertise to expand its product offering for Swiss and multinational clients.
“Hudson Sky has established itself as a leading aviation (re)insurance broker in the Swiss market, with its core focus on the helicopter segment, and servicing a range of clients on a global scale,” Howden explained.
The firm stated the acquisition will cement its position as a major force in the aviation sector, and will further strengthen its geographic presence in Europe.
Hans-Jörg Blumer, Managing Director, Aviation, Howden Switzerland, commented, “We have seen a considerable increase in demand for specialised advisory services in the aviation sphere and this acquisition is a vital step as we become market leaders in this space.
“Hudson Sky holds extensive sector experience and this will be essential as we meet growing client demand in the region.”
Felix C. Jenny, CEO, Howden Switzerland, added, “Hudson Sky will bring an additional strength to our operations in Switzerland. It reflects our commitment to providing our clients with best-in-class solutions and the combination of Hudson Sky and our existing capabilities will enhance our aviation offering significantly.
“This acquisition is further evidence of our commitment to becoming the leader in our chosen markets throughout Europe and I look forward to welcoming the whole team.”
Martin Accola, Managing Director, Hudson Sky, said, “For us, this acquisition was an important and strategic step for Hudson Sky as we assessed our long-term development plan in an increasingly complex global market.
“Our clients will benefit from Howden’s industry-wide expertise, placement and networking services, in addition to the usual personal service of our experienced team.”
This announcement follows the news of the two new hires to the London Aviation team – Steven Crook and Wayne Hawkins – as the business drives further growth into the airline and aerospace sectors.
