Insurance and reinsurance broking group Howden has agreed to acquire Atlantic Global Risk LLC, an independent transaction liability insurance broker headquartered in New York, US.
Since its establishment in 2017, Atlantic Group has rapidly expanded to become a top-five broker in the North American transaction liability market.
With an expert team of over 110 people, the company has developed a platform that services clients across the United States, Canada, and Latin America.
Atlantic Group delivers solutions across four core business areas: representations & warranties insurance; tax liability insurance; contingent risk insurance; and credit risk insurance.
The acquisition will help accelerate Howden’s US retail expansion and strengthen its global market leadership. This combination will build upon the arrival of hundreds of talented industry experts since August across multiple practice areas and cities throughout the US.
Through this combination, Atlantic Group’s founders will become key participants and drivers of Howden’s US retail broking growth and global transactional liability strategy
Their commitment is further solidified by becoming Howden shareholders, which demonstrates a strong belief in the company’s equity story and highlights the significant strategic and cultural alignment between the two organisations.
They will also become Howden shareholders, reinforcing their belief in the Howden equity story and showing strong strategic and cultural alignment between the two businesses.
David Howden, Founder and CEO, Howden, stated: “Howden’s growth has been driven by attracting the industry’s most talented and entrepreneurial people and then empowering them to deliver exceptional expertise and service to clients. The addition of Atlantic Group is another powerful example of this talent-focused approach.
“In just a few years, Atlantic has established itself as one of the top five brokers in its field with a fantastic reputation. The team shares our DNA and passion for clients and the founders – Richard, Joe and David – have chosen to reinvest a substantial portion of their equity, joining us on our journey to build a company like no other.”
He added: “By combining our international transactional liability leadership with Atlantic Group’s deep US expertise, we are creating a global powerhouse which will open up huge opportunities to support the world’s leading private equity houses and their portfolio companies. This is a cornerstone acquisition for Howden in the US, which allows us to deliver even greater expertise and excellent service to our clients.”
The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions. The transaction is expected to close in the first quarter of 2026.
Mike Parrish, CEO, Howden US, commented: “This is a transformative partnership for a few primary reasons. First, unmatched talent and expertise. Large-scale M&A doesn’t happen without transactional liability insurance, and the Atlantic team understands that space at a level that others do not. Second, breadth, depth, and access. We’re uniting the largest transactional liability broker outside the US with the preeminent transactional liability team in the global epicenter of M&A and private equity.
“Third, cultural alignment. Atlantic’s ambitious, client-first culture is a perfect match for us. They thrive in competitive, complex transaction environments, building coverage around clients, not products. That’s how we work at Howden. I am thrilled to welcome David, Joe, Richard, and everyone at Atlantic to Howden and our growing, dynamic team in the United States.”
David Haigh, Founding Partner, Atlantic Group, added: “This is an exciting next step in our journey, and we’re delighted to be rejoining the platform that launched our careers in this space. This agreement unites two organizations that are entirely client-centric and who pride themselves on being thoughtful, like no other, and with collaborative approaches that ensure clients get best-in-class expertise and solutions.
“By combining our transaction liability practice with Howden’s existing capabilities, global reach and resources, our clients will now benefit from a broader product offering, access to many more like-minded experts and the ability to be serviced across more geographies than I am capable of naming. We look forward to putting the power of this collective to he test to see what we can bring to clients and the insurance market in the future.”
