Howden has announced its acquisition of Hencilla Canworth GI Ltd, a UK-based specialist insurance broker with a focus on the performing arts sector, to further enhance the insurance group’s sport and entertainment division.
Hencilla Canworth, which has been operating under its current name since 2021 but was originally established in 1981, is headquartered in Croydon, UK. The company specialises in insurance solutions tailored for the performing and creative arts industries.
Over the years, it has forged significant insurance schemes with top entities in the field, including partnerships with the Musicians’ Union and BECTU (Broadcasting Entertainment Communications and Theatre Union).
This acquisition is also part of Howden's strategic expansion in the sport and entertainment insurance sector, following a series of acquisitions across Europe. These include the Franz Gossler Insurance Group in Germany, Assimovie in Italy, and Media Insurance Brokers in the UK and Ireland, all of which are known brokers in the film and entertainment insurance industry.
Duncan Fraser, global practice leader for sport and entertainment at Howden, commented on the acquisition, stating that it is part of the firm’s expansion of capabilities and expertise to meet the growing demands across key markets.
“Hencilla Canworth’s team have strong relationships with many leading clients in the music and performing arts sectors, presenting us with a significant opportunity to develop our business,” Fraser said.
David Pollard, CEO of Hencilla Canworth, also expressed optimism about the merger, highlighting the advantages for their clients.
“We have established a leading brand in the performing and creative arts insurance sector, with deep expertise and established ties to the industry. Our clients will reap the benefits of us being part of Howden's global network, which will improve our ability to provide innovative solutions that are tailored to their needs,” Pollard said.
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