21 June 2023Analysis

Howden buys two Swiss insurance brokers

Howden has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts and RVA Versicherungsbroker. Born Consulting AG, which has been part of Howden Switzerland since 2022, is acquiring RVA.

Howden said that both argenius and RVA are highly regarded Swiss insurance brokers and will strengthen Howden Switzerland’s offering to large institutions and SMEs, providing clients with greater access to specialist expertise and international reach via their local market.

argenius primarily advises medium-sized companies and large organisations, specialising in sophisticated risk analysis and portfolio placement; while RVA works with small and medium-sized businesses on all insurance and risk issues, in addition to being a specialty broker with a focus on social institutions.

The acquisition of argenius and RVA follows the successful acquisitions of three Swiss brokers in the last two years including Born Consulting, Bachmann & Partners and Broker Center Zurichsee.

Upon completion, argenius and RVA will take Howden Switzerland to a headcount of 130 across eight regions including Zurich, Basel, Zug, Bern, Lucerne, Chur, Geneva, Lugano and the principality of Liechtenstein.

Felix Jenny, chief executive of Howden Switzerland, Austria and Liechtenstein said: “We are delighted to welcome argenius and RVA to Howden Switzerland as we fast become the natural home for independent brokers in region. The addition of these like-minded, entrepreneurial-spirited businesses advances our ambitious growth strategy for the region and brings us one step closer to becoming the leading broker of choice in Switzerland.”

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