Howden acquires Tower

Howden, has announced the acquisition of Tower S.p.A., a Vicenza based specialist insurance broker and risk consulting company.

Guido Mocellin, founder and chairman of the Board, Tower S.p.A said: “We chose to join Howden because we share the same values: it is a People First, employee-owned business where colleagues are empowered to deliver exceptional service. Our clients will benefit from Howden’s expertise and product knowledge, and we will be empowered to represent them in all the countries in which they are present. Howden’s independent spirit will enable us to continue to focus on our clients, which is our strength.”

Luigi Sturani, regional CEO, Howden, Europe said: “Tower is a company that I have long admired for its specialist expertise. I am honoured that Guido has chosen Howden amongst the many offers from other brokers. This is another great step in our ambition to position ourselves among the top players in the Italian and European market, and Tower will be key in accomplishing our strategy of product specialty and territorial distribution.”