Howden to acquire Atlantic Group
UK insurance broker Howden Group Holdings has agreed to acquire Atlantic Global Risk, a US-based broker offering transaction liability insurance.
Established in 2017 and headquartered in New York, Atlantic Group is a top five broker in the North American transaction liability market. The company provides solutions across four business areas: representations & warranties insurance; tax liability insurance; contingent risk insurance; and credit risk insurance. Atlantic Group has 110 employees with clients across the US, Canada and Latin America.
“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. 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.” – David Howden, Founder and CEO, Howden.
“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 the test to see what we can bring to clients and the insurance market in the future.” – David Haigh, Founding Partner, Atlantic Group.
