Announced
Completed
Financials
Sources
Tags
Insurance Brokers
Cross Border
Completed
insurance broker
Private
Single Bidder
Spain
Acquisition
Friendly
Majority
Synopsis
Howden, an international insurance broker, completed the acquisition of Banca March, a Spanish insurance broker. Financial terms were not disclosed. "The acquisition of March Risk Solutions and our strategic alliance with Banca March is a significant step towards our goal of becoming the leading insurance broker in the Spanish market. The combined talent of both organisations will provide a comprehensive and unique service to our clients in the region. Howden Iberia will be a leader in Maritime, Fleet and Employee Benefits, as well as in the Food & Beverage and Logistics & Distribution sectors,” Salvador Marin, Howden Iberia CEO.
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