Howden enters Mexico through local partnership

Howden, the retail broking arm of Hyperion Insurance Group, has partnered with motor specialist Grupo Ordás, one of Mexico's top five brokers, to enter the Mexican insurance market.

Following the agreement, Grupo Ordás will be part of Howden’s Iberoamerican region, which employs over 800 people and, including Mexico, will span six countries across Latin America, in addition to its Iberian operations in Spain and Portugal.

Headquartered in Mexico City, Grupo Ordás specialises in motor insurance and corporate lines.

David Howden, CEO, Hyperion and Howden, said: “I am delighted that Grupo Ordás has chosen to join the Group; this represents a key strategic development in Howden’s Iberoamerican growth plans. An on-the-ground presence in the second largest economy and insurance market in Latin America, and Grupo Ordás’ deep understanding of the local market, will significantly improve our offering to clients across the region. We already have an excellent relationship with José Luis Ordás and I am confident that Grupo Ordás is the perfect partner."

José Manuel González, CEO, Howden Iberoamerica, added: "We have identified many opportunities this partnership will bring to both businesses and look forward to exploring many more. The ingredients of Grupo Ordás’ success and ours are very similar; client focus, exceptional talent and an entrepreneurial ethos, and our strengths are extremely complementary. Grupo Ordás’ technological innovation combined with Howden’s expertise and international distribution is the recipe for a very exciting future. They bring further Motor insurance expertise, in addition to that gained with our acquisition of Bergé in Spain earlier this year, and an impressive technology platform that has the potential to help us to deliver even better solutions to clients across many different lines of business."

José Luis Ordás, CEO, Grupo Ordás, commented: "We have worked with Howden and the wider Hyperion group for a while now and, as a member of the Howden One broker network, we have already seen the benefits of being part of a group of this size. With access to broader expertise, we can expand our portfolio of specialist solutions and will be even better positioned to attract more of the best local talent to continue to exceed the expectations of existing and new clients."

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