Howden enters captive management market with ARM acquisition

Howden has announced it has agreed to acquire ARM Group Holdings Limited, subject to regulatory approvals.

ARM is the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of insurance captives.

Based in Guernsey and with a management licence in Bermuda, ARM is a group of companies that provide insurance management services to clients worldwide.

ARM offers a broad range of services, managing more than 80 captive structures.

Howden said the purchase represented a significant step in its strategy to accelerate the growth of the re/insurance intermediary’s Multinational Clients Practice.

“In-house captive capabilities are an essential piece of the puzzle in order for us to provide unparalleled solutions for our large and multinational clients,” said Morwenna Howell, managing director and global practice leader of Howden Multinational Clients Practice.

“This is a growing market with strong demand for new entrants, and by harnessing the power of our global network, our market-leading specialty, reinsurance and analytics capabilities, and now, our enhanced captive capabilities, we look forward to continuing our growth,” Howell said.

Charles Scott, managing director of ARM, added: “We have built a robust, successful business in the last 20 years, and joining with Howden represents the logical next step in our journey.

“It has been an easy decision to make as we already manage a number of Howden clients, allowing us to get to know them and vice-versa. We share Howden’s entrepreneurial spirit and client-centric approach and look forward to providing worldwide captive solutions to Howden and other clients.”