Howden, an international insurance broker, agreed to acquire an 86.96% stake in Assiteca, a broker, from Tikehau, a private equity firm, for $220m. “The union of Assiteca and Howden is an extraordinary opportunity for our clients, our colleagues and the insurance market. Our commitment to building a leading broking business in Italy and more broadly in Europe by joining with the leading entrepreneurial talent in our chosen markets to bring much needed choice to clients is unwavering. Assiteca is already a key partner of our wider Group in Italy through our sister company DUAL Italia, and so we know well that Luciano and Gabriele have built a team which shares an outlook with Howden; one to deliver quality service and solutions to our clients, with a personal touch driven by core employee ownership," José Manuel González, Howden CEO.