Howden Broking Group, part of Hyperion Insurance Group, is delighted to announce the acquisition of UK based Powell Bateson Limited.
Powell Bateson Limited (PB) is a commercial insurance broker and risk management consultancy with clients throughout the UK. Liverpool based, it has specific expertise in construction and property. Coupled with a highly respected risk management capability, it has grown considerably over the past four years.
The acquisition adds significantly to Howden’s UK regional footprint. Adrian Colosso, CEO of Howden commented “Throughout our recent international growth, we have always kept a watchful eye on the UK market, waiting for the right partners that can complement and enhance our offering. With an exceptionally strong management team, significant strength in risk and safety management and excellent client relationships, Powell Bateson is such a partner. We are very excited about further extending Howden’s reach with this acquisition.”
Karen Bateson, Director of PB, stated: “From day one, we have aspired to be different, placing value on client care, allied to a business-minded and entrepreneurial strategy to attract clients and insurers alike. Hyperion has a similar culture albeit on a much greater scale. With the additional corporate support provided by Howden, we can invest and structure for growth at an accelerated rate in our broking and risk divisions.”
Eliot Powell, Director of PB, commented “We need to position the business today, to take account of the future direction of broking and risk management, acknowledging that the landscape is changing very quickly. To continue our success, our clients and prospects require a seamless proposal that combines excellent people, increasing international placement and scale. With Howden, we achieve that position overnight.”