Howden expands in Latin America with main Colombian acquisition

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Born once more: An entrepreneurial and cultural renaissance lately means Colombia’s second metropolis, Medellín, is now a glittering image of the nation’s world financial potential

Howden, a part of Hyperion Insurance coverage Group, has expanded its world worker advantages (EB) enterprise with the acquisition of Colombian EB specialist Restrepo Henao S.A. Corredores de Seguros.

The deal will see Restrepo Henao, which has over fifty years of expertise in insurance coverage broking, merged into Howden Wacolda (Colombia). Restrepo Henao will adpot the Howden model over the following few months.

A spokesman for Howden mentioned the deal marks one other “essential step” for Howden’s world worker profit follow following its acquisition of Punter Southall Well being & Safety within the UK in January which was rebranded as Howden Worker Advantages & Wellbeing in June, and the acquisition of Norwegian Insurance coverage Accomplice in Norway in April.

Glenn Thomas, managing director of Howden Worker Advantages & Wellbeing and world follow chief, mentioned: “Howden has a technique of investing within the progress of our EB functionality globally to help our multinational shoppers. This newest acquisition will construct on our current enterprise and strengthen our EB providing in Latin America, an more and more essential market within the sector.

“Howden already has a presence in Brazil, Mexico and Colombia with Howden Harmonia Brazil our most established EB enterprise in Latin America.”

Phrases of the acquisition haven’t been disclosed.

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