Howden acquires broker

Howden, the international insurance broker has announced the acquisition of Foram Brokerage Ltd., an independent (re)insurance broker based in Hamilton, Bermuda. This acquisition affirms Howden’s commitment to the Bermudian market and provides clients with access to an expert local team.

Paul Redgate, deputy chair, Howden Specialty, said: “Foram joining us reaffirms our strategy of giving clients access to all key markets via our global insurance market hubs. By providing clients with a significant on-the-ground presence in Bermuda, this acquisition also underscores Howden’s commitment to the Bermudian market by investing in on-island expertise to enhance our client offering and to build a leading position in the world’s leading (re)insurance markets.”