Howden expands in New Zealand with Sherpa acquisition

Howden Group Holdings has acquired Sherpa, a Christchurch-based general insurance broker serving SME and corporate clients, to strengthen its presence in New Zealand. Founded in 2017 by Daniel Mathieson, Sherpa will join Howden’s local network, which includes Bridges Insurance, Howden Broking NZ, Howden Commercial Affinity, and Howden Corporate. The deal supports Howden’s broader Pacific strategy and significantly expands its footprint in Christchurch.

“We are honoured that Sherpa chose to partner with Howden as we see significant synergies in the combination of our companies. Sherpa has had an impressive track record of growth in the Christchurch market and has an ongoing commitment to client service excellence. This acquisition complements our New Zealand broking strategy, which has seen us grow significantly through organic and inorganic means. Sherpa will reinforce our existing presence in a key geographical region. We see huge potential in Howden combining with Sherpa to provide their existing and new clients easy access to key broking talent and leading insurance solutions across the globe.” – Matt Bacon, CEO, Howden Pacific.