The move is part of Howden’s broader strategy to boost its influence in the Nordic region, focussing investment in local expertise and delivering global capabilities to clients within regional markets.
Established in 2014 with the support of Arctic Group, Arctic Insurance specialises in Property & Casualty, Financial Lines & Specialty, Employee Benefits, and Pensions.
The brokerage caters to a diverse clientele, including businesses in the food and beverage, recycling and waste management, transport, and finance sectors.Following the acquisition, Howden Norway now boasts 65 employees across two offices, reinforcing Howden’s presence in the Nordics. The company has been actively expanding in Europe, recently entering the Danish market with the acquisition of NORTH Risk and acquiring VLC & Partners Holding B.V. in the Netherlands.
Speaking about the acquisition, Anders Kvan, CEO of Howden Norway, commented on Howden positioning itself as the leading independent broker in the country. “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.”
“Joining forces with Howden represents the next exciting step in our journey,” said Arctic Insurance CEO Alexander Ringvold. He continued: “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.”
Ringvold added: “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.”
