International insurance broker Howden is set to acquire a majority stake in ADRISA, a Mexico-based retail insurance broker.
The deal will see the two companies merge, with Jose Luis Ordás becoming Executive Chairman and Luis Suarez de Lezo Chief Executive Officer of the combined group.
The combination will create the largest independent and employee-owned platform in the market, with over 350 employees.
“I’m delighted to welcome such high quality expertise and talent into the business,” said Ordás.
“ADRISA is clearly the perfect partner to help build our capability in Mexico and allow us to deliver even more for our clients.
“However, in our business, cultural alignment is just as important as growth, so it’s with real pride that we bring on board a new partner who has also proven their values during Covid-19, participating in a number of activities to support those hardest hit by the pandemic.
“I have no doubt that with our combined experience, expertise and culture, we can provide the best solutions to our clients.”
Luis Suarez de Lezo, CEO of ADRISA, added, “strengthen the relationships with our clients, to whom we continue to offer our close, personal service. It will also provide compelling opportunities for growth and development for all our employees.”
Pablo Bores, co-CEO of Howden LATAM, alongside Sonia Caamaño, commented, “Last year, as a combined broking group, we promised to become the credible alternative broker internationally, offering both clients and talent the choice they’ve been looking for.
“This deal, which comes just weeks after our agreement to acquire A-Plan Group in the UK, continues to build our position in the global insurance market.
“Mexico is an industrialised nation with great potential for development across all sectors in which we are specialists: infrastructure, renewable energies, motor, telecoms, surety and transport, amongst others. We’re glad to join with a robust and powerful partner in ADRISA and continue to develop our platform locally.”
Source: Reinsurance News
Vertafore and NetVU Reveal Education Lineup for Accelerate 2026 in Las Vegas
Vertafore, a leader in modern insurance technology, and the Network of Vertafore Users (NetVU) have announced the first round of education sessions for Accelerate 2026, set to take place from April 13 to 16, 2026, at the Fontainebleau Las Vegas. The event will focus on the theme “Powering Your Possible in the AI Era,” highlighting how artificial intelligence is transforming the insurance industry and empowering professionals to turn innovation into action.
HSB Canada Launches Comprehensive Cyber Insurance Solution HSB CyberPro for Canadian Businesses
HSB Canada, a specialty insurer and part of Munich Re, has introduced HSB CyberPro™, a new solution offering comprehensive cyber insurance coverage and services designed to help businesses respond effectively to cyber threats. The innovative product provides protection, support, and tools to help organizations navigate the growing complexity of cyber risk in today’s digital environment.
AXA Partners and bolttech Announce Strategic Partnership to Drive Embedded Insurance Solutions Across Europe
AXA Partners, a wholly owned subsidiary of the AXA Group, and bolttech, a leading global insurtech, have announced a new long-term strategic partnership aimed at delivering embedded insurance and assistance solutions across the European Union, the United Kingdom, and Switzerland.
