Hyperion Insurance Group, the international, employee-owned insurance group, and Euroassekuranz Versicherungsmakler, Germany’s leading independent retail insurance broker to mid-market clients, announced today the formation of a strategic partnership through an investment by Hyperion in Euroassekuranz and an investment by Euroassekuranz founder and CEO Helmuth Newin in Hyperion that will see him become a significant shareholder. The transaction remains subject to financial and regulatory approval.
The partnership will connect the niche specialisms of Howden, Hyperion’s retail broking arm, in Germany – Financial Lines and Marine – with those of Euroassekuranz – Industrial, Commercial and Real Estate – as well as giving Euroassekuranz clients access to the resources and expertise within the wider international Howden and Hyperion groups.
David Howden, CEO of Howden and Hyperion Insurance Group, said: “I am delighted that our clients will now have access to the expertise of Helmuth Newin and his team. Euroassekuranz has a strong reputation for superior, bespoke client relationship management in its specialist sectors and, combined with our market-leading Financial Lines expertise and Marine capabilities, I believe we can offer all our clients a differentiated and enhanced service. Germany is a key market for Hyperion and I am confident that we have significant opportunities to serve existing and new clients better together.”
Helmuth Newin said: “Working in partnership with the Hyperion Insurance Group will allow us to deliver a new dimension of specialist expertise and service to our valued clients. It also presents excellent opportunities for our employees and will help us to continue to attract high quality talent in the German market. Our cultures and capabilities are highly complementary and I am very pleased that we will look to the future together.”