Howden is to acquire ARM Group Holdings Limited (ARM), the parent of Alternative Risk Management, a specialist in the formation and management of captives.
This represents a significant step in Howden’s strategy, the company says, accelerating the growth of its multinational clients practice.
Based in Guernsey and with a management licence in Bermuda, ARM is a group of companies that provide insurance management services to clients worldwide. The group offers a comprehensive and diverse range of services, managing over 80 captive structures.
Morwenna Howell, managing director and global practice leader for Howden’s multinational clients practice, comments: “In-house captive capabilities are an essential piece of the puzzle [to enable us] to provide unparalleled solutions for our large and multinational clients.
“This is a growing market with strong demand for new entrants, and by harnessing the power of our global network, our specialty, reinsurance and analytics capabilities, and now, our enhanced captive capabilities, we look forward to continuing our growth.”
Charles Scott, managing director of ARM, says: “We have built a robust, successful business in the last 20 years, and joining with Howden represents the logical next step in our journey. We look forward to providing worldwide captive solutions to Howden and other clients.”
