Arctic Insurance, based in Oslo, was founded in 2014 with support from Arctic Group, a company in financial services. The firm has developed a specialisation in various insurance sectors, including property and casualty, financial lines and specialty, employee benefits, and pensions. It caters to a diverse client base with complex insurance requirements, spanning industries like food and beverage, recycling and waste management, transport, and finance.
The acquisition of Arctic Insurance expands Howden Norway’s team to 65 employees across two offices, bolstering Howden's presence in the Nordic region. Howden has established a strong foothold in the Nordics over the past 20 years, with offices in Finland, Sweden, Norway, and Iceland, offering a broad spectrum of services across various specialisms.
This development is part of Howden’s continued expansion in Europe, following recent acquisitions like NORTH Risk in Denmark and VLC & Partners Holding B.V. in the Netherlands. These strategic moves underscore Howden's commitment to attracting leading talent and expertise in its markets.
“The acquisition of Arctic Insurance, and with it the addition of a strong team of like-minded, entrepreneurial individuals, is a significant step in our ambitious growth strategy for Norway. It brings us one step closer to becoming the leading independent broker in Norway - a market that is looking for more choice and a broking partner that can manage and place complex risk.
“Combining the specialist expertise of Arctic Insurance with the scale of Howden’s international footprint strengthens our position as one of Norway’s leading brokers, capable of providing the range of bespoke solutions that our clients need in an increasingly challenging market environment,” Howden Norway CEO Anders Kvan said.
“Joining forces with Howden represents the next exciting step in our journey,” said Arctic Insurance CEO Alexander Ringvold. “Despite considerable interest from other brokers, we chose Howden because of a shared vision and shared set of values – including putting our people first and empowering the industry’s very best entrepreneurial talent to deliver superior solutions for clients. We are now poised to continue our growth trajectory as part of a larger, dynamic global group, and I look forward to working with the team in this next phase.”
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