Howden has announced its acquisition of Media Insurance Brokers International Limited (MIB), a major independent UK and Irish film and television broker.
The deal represents a significant step in Howden’s strategy to become a leading broker in the media and entertainment market, the international broker said in a Press release.
Operating since 1990, MIB offers specialist insurance products to the film, television, music, and events sectors. It boasts strong relationships with many of the leading broadcasters and media buying companies, as well as with many independent production companies.
The MIB partnership bolsters Howden’s sport and entertainment practice in Europe, following the recent acquisitions of Franz Gossler Insurance Group, a leading film and entertainment insurance broker in Germany and Assimovie, Italy’s leading television and film broking house.
The acquisition of Wallace McLean in July 2022, a broker with specialisms in film and television in New Zealand, further extends Howden’s expertise into the Pacific region.
“The team at MIB has worked hard for many years to establish a first-class brand within our sector which stands for excellent service and product knowledge for all our clients,” said Richard Moore, managing director of MIB. “This acquisition by Howden means we can continue on this path as part of a much larger group and with all the benefits that brings.”
“We have known Richard and the team at MIB for many years and have long admired the business that they have built,” said Duncan Fraser, global practice leader, sport & entertainment, Howden.
“MIB’s established relationships and deep industry knowledge, with many leading clients in the film, television, music, and live events sectors, presents us with a significant opportunity to grow our business. Acquisitions like this will empower Howden to meet the growing demands of our entertainment and media sector clients as they continue to bounce back from the disruptions of COVID.”
Howden is global insurance group that operates in 50 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand.
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