Howden Iberia, the Spanish and Portuguese operations of Howden Broking Group, and Bergé y Cía, the Madrid-headquartered international automotive, logistics and port maritime group, have agreed the sale of the insurance broker Bergé y Asociados Correduría de Seguros to Howden Iberia. The acquisition has now received regulatory approval.
José Manuel González, CEO of Howden Iberoamerica, said: “Bergé y Asociados’ niche expertise will enable us to expand into a specialist area in which we have had limited experience to date. We will work together in the coming months to consider possible platforms for introducing motor insurance across our Spanish and Portuguese speaking markets. By combining the regional strength, scale and capabilities of Howden with the specialist sector knowledge of Bergé y Asociados, and by working closely with Bergé y Cía, we can build something special here in Spain and across our wider Iberoamerican operations.”
David Howden, CEO of Howden Broking Group said: “Our business in Spain was the Group’s first international office. Today it is the fifth largest broker in the country and the largest business in our expanding Iberoamerican region. It has a long history of growing by listening to its clients and delivering new products and distribution to emerging and expanding niche sectors and markets, working closely with our Latin American colleagues to support clients operating on both sides of the Atlantic. This is the next step in Howden Iberoamerica’s growth story and I’m delighted to welcome the team from Bergé and Asociados to the Group to grow our motor proposition across the regions.”