Howden has acquired Bremen-based Northern Lloyd, an independent marine insurance broker providing ship owners, ships and asset managers with consulting and risk analysis, and placement and claims handling services.
A licensed Lloyd’s broker, the company has operations in key territories including London, Athens, Limassol and Abu Dhabi.
Upon completion, Howden Deutschland will comprise over 400 employees across 10 locations.
Stefan Gläbe, CEO, Northern LloydGroup, said: “As a large, independent broker with specialist expertise, Howden is the optimal home for Northern Lloyd as Jan Riedesel and the team continue to seek new ways to provide our clients with innovative solutions and global support. We share Howden’s entrepreneurial spirit and client-centric approach and look forward to leveraging the Group’s network to better meet our clients’ needs.”
Daniel Whiteside, managing director and global head of marine, Howden added: “We are delighted to welcome Stefan, Jan and the Northern Lloyd team to Howden as we pursue our ambitious growth strategy in Europe and strengthen Howden’s Global Marine capabilities. Since the first meeting with Stefan and Jan it was clear there was a strong cultural alignment, underpinned by our desire to attract and retain the best market talent and this led to Howden being the obvious home for Northern Lloyd. We are excited for the business to be part of our global marine practice.”
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