The move aligns with Howden’s strategic goal of becoming the leading provider of marine insurance services in Germany. With this development, Howden Deutschland aims to capitalise on the growing opportunities in the German marine market, leveraging the collective strength of Howden’s global presence.
Northern Lloyd, an independent marine insurance broker, holds a Lloyd’s broker license and operates in key regions such as London, Athens, Limassol, and Abu Dhabi. Upon completion of the acquisition, Howden Deutschland’s division will expand to encompass over 400 employees across 10 locations.
According to reports, the acquisition follows Howden’s previous successful venture in Germany. In March, the broker acquired the Franz Gossler Insurance Group, establishing Howden Global Sport & Entertainment.
Luigi Sturani, CEO of Howden Europe, enthusiastically welcomed Northern Lloyd as the newest addition to the expanding global footprint of Howden.
Sturani said the increasing demand for a viable alternative in the marine and energy insurance market in Europe. He highlighted the necessity for a broker that combines the strength of a global presence with the expertise of local talent to deliver tailored solutions to clients.
“Our rapidly expanding marine and energy offering in Europe highlights the need for an alternative choice in the market which can combine the strength of a global broker with the best, local talent to deliver bespoke solutions to clients.”
He added: “With the addition of Northern Lloyd, Howden Deutschland is well-positioned to become this broker of choice, delivering for clients with increasingly complex needs and the necessary requirement for both international and local expertise.”
With the integration of Northern Lloyd, Howden Deutschland is well-positioned to become the preferred broker of choice, catering to clients with intricate needs that require both international and local proficiency.
Source: Howdens
