Howden buys Liechtenstein broker
Howden has acquired BWV Versicherungsbroker (BWV) in Liechtenstein.
According to Howden BWV is a market-leading independent broker with a portfolio of corporate and private clients, and the transaction reflects Howden’s continued investment in local specialist expertise for the benefit of clients in the region.
The broker said that the acquisition of BWV underscores its ‘ambitious growth strategy’, following the successful acquisitions of Swiss brokerages Born Consulting, Bachmann & Partners and Broker Center Zurichsee, acquired in 2022 and 2021 respectively.
Trading as Howden Liechtenstein AG following the deal’s completion, the business will be led by Felix Jenny, chief executive of Howden Switzerland, Austria and Liechtenstein and will operate as a wholly owned subsidiary of Howden Switzerland.
Howden Switzerland established operations in 2021 and has grown to include 75 employees across seven offices in Zurich, Bern and Zug.
“Over the last twenty years we have built a strong business and under our new Howden Liechtenstein AG brand we hope to expand our regional footprint in Switzerland and in the Principality of Liechtenstein, while also developing opportunities with Howden Austria,” said Manfred Wanger, co-founder of BWV. “I am delighted that we will continue to work in an entrepreneurial minded business as we increase our ability to differentiate ourselves by providing value-added services and expertise to our clients.
“With this partnership, our clients will benefit from an international broking group with distribution and expertise in over 45 countries. We will continue to grow as part of a business that values independence and our well-established, trusted team will still provide the professional service and support clients have come to expect.”
“With strong strategic and cultural alignment, BWV is the ideal partner for Howden as we cement our position as the natural home for independent insurance brokers looking to give clients access to the expertise and specialisms of an international network within their local market,” said Jenny.
