Howden acquires Italian company Tower
Howden acquires Italian company Tower
Howden, the London-based insurance broker, has announced the acquisition of Tower SpA, a specialist insurance broker and risk advisory firm based in Vicenza, Italy.

This follows the acquisition of the highly regarded Andrea Scagliarini SpA in July 2021 and reinforces Howden’s commitment to providing an alternative choice to customers.

Financial details of the transaction were not disclosed.

Founded 34 years ago, Tower has unrivaled experience in the jewelery sector, a typical activity in the district of Vicenza in the northeastern region of Italy, as well as in financial institutions.

“We chose to join Howden because we share the same values: it’s an employee-first company, where colleagues are empowered to deliver exceptional service,” commented Guido Mocellin, Founder and Chairman of the Board. administration of Tower SpA. “Our customers benefit from Howden’s expertise and product knowledge, and we will be able to represent them in all the countries where they are present. Howden’s spirit of independence will allow us to continue to focus on our customers, which is our strength.

“Tower is a company that I have long admired for its specialized expertise. I am honored that Guido chose Howden over the many offerings from other brokers,” said Luigi Sturani, Regional CEO, Howden, Europe. “This is another important step in our ambition to position ourselves among the best players in the Italian and European market, and Tower will be key to achieving our product specialty and territorial distribution strategy.”

Source: UK Time News

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