Howden has announced its plans to acquire ARM Group Holdings Limited (ARM), marking a pivotal expansion in its services. The completion of this acquisition is pending regulatory approval.
ARM specializes in the establishment and management of insurance captives. The acquisition, the firm stated, aligns with Howden’s strategy to bolster its multinational clients practice and enhance its offerings to both multinational and large clients. ARM, headquartered in Guernsey and licensed in Bermuda, operates a consortium of companies providing insurance management services globally.
Morwenna Howell, managing director and global practice leader for Howden’s multinational clients practice, emphasized the importance of in-house captive capabilities in delivering comprehensive solutions to the company’s large and multinational client base.
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“This is a growing market with strong demand for new entrants, and by harnessing the power of our global network, our market-leading specialty, reinsurance and analytics capabilities, and now, our enhanced captive capabilities, we look forward to continuing our growth,” Howell said.
Charles Scott, managing director at ARM, also reflected on the company’s 20-year journey, highlighting the acquisition by Howden as a natural progression.
“It has been an easy decision to make as we already manage a number of Howden clients, allowing us to get to know them and vice-versa,” Scott said. “We share Howden’s entrepreneurial spirit and client-centric approach and look forward to providing worldwide captive solutions to Howden and other clients.”
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