Howden buys Spanish brokerage group Bergé

Howden Iberia, a subsidiary of Hyperion Insurance-owned Howden Broking Group, has bought Spanish brokerage group Bergé y Asociados Correduría de Seguros.

Following the transaction, Howden will add the Madrid-based intermediary to its Spanish and Portuguese broking practice.

"Bergé y Asociados’ niche expertise will enable us to expand into a specialist area in which we have had limited experience to date," said José Manuel González, CEO of Howden Iberoamerica.

"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, commented: "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."

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