Howden purchases Arctic Insurance
Arctic Fox Backpack: Howden purchases In 2014 Now
Howden declared that it has acquired the Norwegian insurance broker Arctic Insurance AS. With this acquisition, Howden is demonstrating its commitment to strengthening its position in the Nordic region by bringing its global capabilities to clients in local markets and investing in local specialized knowledge.
Arctic Insurance, a diversified financial services group, was founded in 2014 and is headquartered in Oslo. Property & Casualty, Financial Lines & Specialty, Employee Benefits, and Pensions are the areas of expertise for Arctic Insurance.
It provides complex insurance services to a broad spectrum of clients in industries including food and beverage, transportation, waste management, recycling, and finance.
The purchase of Arctic Insurance and the subsequent hiring of a capable group of enterprising, like-minded people represent a critical milestone in
our aspirational expansion plan for Norway. With more options and a broking partner that can manage and place complex risk, this moves us one step closer to becoming Norway’s top independent broker.
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Our position as one of Norway’s top brokers is strengthened by fusing the breadth of How den’s global reach with the specialized knowledge of Arctic Insurance.
This allows us to offer our clients the variety of custom solutions they require in a market that is becoming more and more difficult. – Howden Norway CEO Anders Kvan.
“Our exciting journey continues with our joining forces with Howden. We selected Howden despite strong interest from other brokers due to a common vision and values, such as prioritizing our employees and empowering the sector’s
finest entrepreneurial talent to provide clients with exceptional solutions. As a member of a bigger, more vibrant global organization, we are now well-positioned to maintain our growth trajectory, and I am looking forward to working with the team during this next stage. – Arctic Insurance CEO Alexander Ringgold.
“Arctic Insurance and its staff have performed admirably. Since its modest beginnings in 2014, the business has grown to be a highly sought-after player in the insurance brokerage industry, providing its clients with unmatched knowledge in a market that is becoming more and more complex.
Arctic Fox Bag
We think Howden is the ideal location for Arctic Insurance, as it is a global player that will bring in more resources, benefit our clients, and grow the business even more. – Peter Bakken, founding partner of Arctic Group and chairman of the board of Arctic Insurance.
Howden Norway’s presence in the Nordic region has been reinforced with the acquisition of Arctic Insurance, as the company now employs 65 people across two offices. Howden provides a wide range of services to clients in the Nordic region across all specializations, from renewable energy to real estate and M&A.
The company first opened offices in Finland more than 20 years ago, and since then it has expanded to offices in Sweden, Norway, and Iceland.
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