COLEMONT FINLAND OY ACQUISITION ADDS TO HOWDEN’S NORDIC CAPABILITIES
11 December 2013
Howden Broking Group, part of the Hyperion Insurance Group, has today announced the acquisition of a majority share in Finnish broker Colemont Finland Oy, adding further strength to Howden’s growing Nordic platform. Colemont Finland Oy has significant Real Estate capabilities, alongside Corporate, Aviation and Marine expertise. Jorma Hakonen will continue to lead the operation as Managing Director, working closely with Howden Finland’s Managing Director, Pasi Heikkinen, who takes on an executive role in the newly merged company.
Tim Coles, CEO of Howden Broking Group, commented: “Adding Colemont Finland to our Nordic operation hugely complements our aspirations to deliver pan-Nordic capabilities to our clients. Colemont Finland is extremely well-respected in the industry and is recognised for its leading insurance sector Real Estate capabilities. Under Jorma’s leadership the operation has developed into a 50-strong team with solid Casualty, Marine and Aviation experience, in addition to its outstanding Real Estate arm. With a retail strategy that brings the complementary skills of our Nordic teams together we can ensure we remain strongly equipped to deliver for our clients across the region.”
Hakonen said: “Over the past eight years we have worked hard to build a successful insurance broker, and this is an exciting next step for us. Joining Howden provides a great platform on which we can build an even stronger position in the Nordic market. By becoming part of Howden we have the opportunity to access the expertise and networks within the business, and benefit from the support and strength of an international broker, as we continue to build a market leading broker in Finland."
Howden has Nordic operations in Helsinki, Stockholm, Oslo and Reykjavik.
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